Form LLC35.15 Download Fillable PDF or Fill Online Statement of
Can A Minor Form An Llc. Many lawyers on avvo offer a free phone consultation. The main limitation of a minor owning an llc lies in their inability to enter legally binding contracts on behalf of the company.
Form LLC35.15 Download Fillable PDF or Fill Online Statement of
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. Can you even be a member of an llc if you're a minor? 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 so the next question to answer is whether a minor can be a member of an llc (or, in other words, own an llc). It is possible to start a business entity as a teen through an llc by being a passive investor. How a minor can own an llc When forming an llc in ny at least one organizer needs to be at least 18. 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. Web no, there is no age restriction to starting an llc in ohio. There is no age restriction on the age of the members. When forming an llc in ny at least one organizer needs to be at least 18. Web from the current legislation, it appears that minors can form an llc in the aforementioned states. For example, michigan , according to a 1981 attorney general opinion , does not let a minor form a corporation. To form an llc, one or more people (or a business entity such as a corporation or llc) must act as the organizer. If not then what is the best way to allow that minor to form their company while still doing 100% legally. 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). While there are laws governing llc formation and organizer age, there is nothing stopping minors from owning llcs in.
