Well, Blaine and I sat down Monday and spent an hour talking about a new business. I think he was a bit overwhelmed. He is only 10 years old so I would expect that.
We got all (?) of our start up costs listed out. A name (Baker Boys Programming LLC). Ideas on the apps he wants to develop. We will focus on the Apple to begin with and see how that goes. We talked about income distribution. He determined a schedule of time he wants to spend on it each week – broken down by school year and summer time.
Next we will talk about when we want to file the paperwork with the state (after I talk to my CPA). And if he still wants to move forward, we will send it off. Then we get to develop a schedule for releasing the apps (hopefully we have more than one). I am not sure if we will actually file paperwork or not but I still think it was a good exercise for his mind.