Form LLC35.15 Download Fillable PDF or Fill Online Statement of
Can A Minor Form An Llc. For example, michigan , according to a 1981 attorney general opinion , does not let a minor form a corporation. 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).
Form LLC35.15 Download Fillable PDF or Fill Online Statement of
While there are laws governing llc formation and organizer age, there is nothing stopping minors from owning llcs in. It is possible to start a business entity as a teen through an llc by being a passive investor. Web posted on apr 1, 2018. ( if it matters any the minor would be 17 years of age so very close to 18). There is no age restriction on the age of the members. States differ as to whether they let a minor form a corporation (i.e., whether a minor can act as an incorporator). 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). However, you still should contact an attorney concerning the formation. While minors can legally enter. To form an llc, one or more people (or a business entity such as a corporation or llc) must act as the organizer.
When forming an llc in ny at least one organizer needs to be at least 18. 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. To form an llc, one or more people (or a business entity such as a corporation or llc) must act as the organizer. However, you still should contact an attorney concerning the formation. While there are laws governing llc formation and organizer age, there is nothing stopping minors from owning llcs in. For example, michigan , according to a 1981 attorney general opinion , does not let a minor form a corporation. 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 posted on apr 1, 2018. 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.
