Can A Minor Form An Llc. However, you still should contact an attorney concerning the formation. Can you even be a member of an llc if you're a minor?
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Web no, there is no age restriction to starting an llc in ohio. For example, michigan , according to a 1981 attorney general opinion , does not let a minor form a corporation. 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. Can you even be a member of an llc if you're a minor? Many lawyers on avvo offer a free phone consultation. 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). The organizer is responsible for setting up the llc. States differ as to whether they let a minor form a corporation (i.e., whether a minor can act as an incorporator).
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). Can you even be a member of an llc if you're a minor? States differ as to whether they let a minor form a corporation (i.e., whether a minor can act as an incorporator). When forming an llc in ny at least one organizer needs to be at least 18. Many lawyers on avvo offer a free phone consultation. Web a minor can own an llc through the representation of a parent, guardian, or legal agent. 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. Is it legal for me to be the sole member of an llc, assuming i submit take care of all. There is no age restriction on the age of the members. However, you still should contact an attorney concerning the formation.
