Thread: Business

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    Business
    Hello, I'm a Minor and I want to start my own business.
    The question I have is; Will I be able to apply for a LLC, Business License, etc. as a minor in the state of California?
    I've been doing some research on it and I cant find any rules and regulations that i'd have to be 18.
    I don't want my Legal Guardian to have any relation in my business, but if its required, I will have no choice.
    Thanks in Advance.


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    Hi, there.

    There is no age limitation on creating a company or LLC in CA or most states, except for the following: You're ability to enter into a contract is limited. A LLC, for example, if formed with other people requires an Operating Agreement, which is a form of contract by and between the owners or members. As a minor, you would not be able to sign the Operating Agreement.

    Let me be clear about this: You can sign anything and everything you want, but the problem is the other signers to a contract wouldn't be able to enforce that contract as against you. You lack "capacity" to enter into a contract as a minor. Therefore, some vendors, partners, or whomever, may not consult with attorneys and may be willing to enter into contracts with you, but anyone with an attorney will require that you -- as a minor -- have a parent or legal guardian sign on your behalf.

    Good luck to you! Larry.


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    Laurence S. Donahue, Esq.
    Attorney & Founder
    Law 4 Small Business, P.C.
    http://www.L4SB.com/
    505-715-5700
    888.99.BIZLAW (888.992.4952)
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    It is required that you become a major to start the business and fulfill all the legal procedures.


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    Business is the activity of making one's living or making money by producing or buying and selling products goods and services. Simply put, it is "any activity or enterprise entered into for profit.


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    An organization or economic system where goods and services are exchanged for one another or for money. Every business requires some form of investment and enough customers to whom its output can be sold on a consistent basis in order to make a profit. Businesses can be privately owned, not-for-profit or state-owned.


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    Thanx for providing Information


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