Can A Minor Form An Llc

Free Pennsylvania Hours of Work for Minors Under Eighteen (Rev 207

Can A Minor Form An Llc. States differ as to whether they let a minor form a corporation (i.e., whether a minor can act as an incorporator). You may want to discuss your situation with a lawyer in more detail.

Web can a minor in nj own an llc? However, you still should contact an attorney concerning the formation. Is it legal for me to be the sole member of an llc, assuming i submit take care of all. If not then what is the best way to allow that minor to form their company while still doing 100% legally. There is no age restriction on the age of the members. Many lawyers on avvo offer a free phone consultation. Can minors form an llc? I am 15 and would like to form an llc as i fix computers and electronics for extra money and would like to expand. Web a minor can own an llc through the representation of a parent, guardian, or legal agent. The organizer is responsible for setting up the llc.

Web a minor can own an llc through the representation of a parent, guardian, or legal agent. To form an llc, one or more people (or a business entity such as a corporation or llc) must act as the organizer. The main limitation of a minor owning an llc lies in their inability to enter legally binding contracts on behalf of the company. ( if it matters any the minor would be 17 years of age so very close to 18). It is possible to start a business entity as a teen through an llc by being a passive investor. I am 15 and would like to form an llc as i fix computers and electronics for extra money and would like to expand. States differ as to whether they let a minor form a corporation (i.e., whether a minor can act as an incorporator). Web a minor can own an llc through the representation of a parent, guardian, or legal agent. There is no age restriction on the age of the members. For example, michigan , according to a 1981 attorney general opinion , does not let a minor form a corporation. While minors can legally enter.