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Forming an LLC under the age of 18?

Discussion in 'Business & Tax Advice' started by gbmack, Jun 28, 2010.

  1. gbmack

    gbmack Power Member

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    If you're under 18, can you form an LLC?
     
  2. alcapon3

    alcapon3 Junior Member

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    I did it. Age is the least of your worries.
     
  3. signthe

    signthe Newbie

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    I made a "limited, ltd" company when i was 15. There was no age limit back then but its changed to 16.
     
  4. bizwoman

    bizwoman Registered Member

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    Forming the llc will probably not be your problem. Because you are still a minor you cannot legally enter into contractual relationships without parental / guardian consent. You may run into problems if you try to open a business bank account, have to sign contracts or need to enforce business agreements
     
  5. Jared255

    Jared255 Jr. Executive VIP Jr. VIP Premium Member

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    If this is so you can sign contracts, it doesn't work, you still need to be 18.
     
  6. taiwanesewill

    taiwanesewill Newbie

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    yeah you need to be 18 my dudee
     
  7. LiamLC

    LiamLC Regular Member

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    I don't think there is an age limit on an LLC. But make sure whatever you do is cool with your parents. They will still need to co-sign for bank accounts and stuff like that. Also remember you will need to pay taxes.
     
  8. tacopalypse

    tacopalypse Executive VIP Jr. VIP Premium Member

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    you could just do a sole proprietorship until you turn 18. it's the default business entity that everyone automatically is before they register as something else. there's not really much difference to an LLC as long as you don't plan on getting sued before you turn 18.
     
  9. Anewbist

    Anewbist Newbie

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    it depends on the state laws and country laws also