Fillable Application For Declaration Of Minor Form printable pdf download
Can A Minor Form An Llc. Web a minor can own an llc through the representation of a parent, guardian, or legal agent. While minors can legally enter.
Fillable Application For Declaration Of Minor Form printable pdf download
States differ as to whether they let a minor form a corporation (i.e., whether a minor can act as an incorporator). While minors can legally enter. Many lawyers on avvo offer a free phone consultation. It is possible to start a business entity as a teen through an llc by being a passive investor. Web so the next question to answer is whether a minor can be a member of an llc (or, in other words, own an llc). If not then what is the best way to allow that minor to form their company while still doing 100% legally. While there are laws governing llc formation and organizer age, there is nothing stopping minors from owning llcs in. Web can a minor in nj own an llc? Web posted on apr 1, 2018. The main limitation of a minor owning an llc lies in their inability to enter legally binding contracts on behalf of the company.
It is possible to start a business entity as a teen through an llc by being a passive investor. Web can you form an llc if you're under age 18? 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. The main limitation of a minor owning an llc lies in their inability to enter legally binding contracts on behalf of the company. If not then what is the best way to allow that minor to form their company while still doing 100% legally. You may want to discuss your situation with a lawyer in more detail. I am 15 and would like to form an llc as i fix computers and electronics for extra money and would like to expand. There is no age restriction on the age of the members. How a minor can own an llc Web posted on apr 1, 2018.
