Can A Minor Form An Llc. How a minor can own an llc There is no age restriction on the age of the members.
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It is possible to start a business entity as a teen through an llc by being a passive investor. Web are minors allowed to be in a llc if their parent is going to be counted as the owner of the llc until the minor is 18 ? 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. The organizer is responsible for setting up the llc. Web can you form an llc if you're under age 18? To form an llc, one or more people (or a business entity such as a corporation or llc) must act as the organizer. There is no age restriction on the age of the members. How a minor can own an llc 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).
Web when applying for a business license, kids need to know the state’s laws on child and teen labor as well as laws for entering into legal agreements with minors. There is no age restriction on the age of the members. It is possible to start a business entity as a teen through an llc by being a passive investor. While there are laws governing llc formation and organizer age, there is nothing stopping minors from owning llcs in. Many lawyers on avvo offer a free phone consultation. Is it legal for me to be the sole member of an llc, assuming i submit take care of all. I am 15 and would like to form an llc as i fix computers and electronics for extra money and would like to expand. The main limitation of a minor owning an llc lies in their inability to enter legally binding contracts on behalf of the company. Web can you form an llc if you're under age 18? ( if it matters any the minor would be 17 years of age so very close to 18). Web are minors allowed to be in a llc if their parent is going to be counted as the owner of the llc until the minor is 18 ?
