Level 5

Can a minor apply for an LLC?

Forum|Forum|6 years ago
May 12, 2020
3 replies
9 views

My clients daughter wants to open her own candle business but is only 17. As a minor can she apply for an LLC on her own or does she have to have her parent do it?

This topic has been closed for replies.

George4Tacks

Level 15

This sounds like a legal question and would likely vary according to the state of residency. This is not something that I would answer for a client. Is the client aware of all of the costs associated with a LLC?

Answers are easy. Questions are hard!

sjrcpa

Level 15

You don't apply for an LLC. You form one. As George said, this is a legal question. I'm thinking she probably has to be over 18 to form one, but a lawyer or other agent can do that. Next legal question - can she own an LLC?

The more I know the more I don’t know.

E

eaf1213Author

Level 5

Yes, I meant form one as an owner. The state of residency is Ohio. I haven't found any information as far as an age requirement.

qbteachmt

Level 15

Why is an LLC even a consideration? Just file for an EIN "for banking purposes" to avoid giving out the SSN and then file taxes on Sched C.

Don't yell at us; we're volunteers

L

linette

Level 6

Ask attorney to make sure but in my state they can form even though they aren't 18.

State application does not even ask age.

I think this is wrong since they can't enter into a legal contract, but that is what I found out when I had a minor walk in whom had already form the business and now wanted to know how to file taxes.....

sjrcpa

Level 15

@linetteThanks for the info. What state are you in?

The more I know the more I don’t know.

L

linette

Level 6

Oregon

Sign up

Login with SSO

Let's get you signed in

Login with SSO

Scanning file for viruses.

This file cannot be downloaded