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How To Set Up A Business For My Children Under 18

I have three children; 12, 15, and 17.  They want to register a domain and start an online business for themselves but I'm not sure whether that's legally possible. I have some issues with creditors but is there any legal structure where they can do this with my supervision and then when they reach the age of majority they automatically get 1/3 of the business?  Thank you.

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