Making a Company Under 18

[Saadh]

Hi there,

I'm just wondering, I've been trying to look for information about either
incorporating or LLC'ing before the age of 18. I'm 17, 18 on December 23,
2006.

I'd like to make a business of my website work before then so I can not
only start marketing myself better for my senior year of high school, but
also allow colleges to know my personal business ventures are no joke.

Do I have any solutions? I think you need to be 18 for any normal incorporating?

[youngmoneyblog]

hmm where are you from? did you look up the laws?

[akula]

Hi there,

I'm just wondering, I've been trying to look for information about either
incorporating or LLC'ing before the age of 18. I'm 17, 18 on December 23,
2006.

I'd like to make a business of my website work before then so I can not
only start marketing myself better for my senior year of high school, but
also allow colleges to know my personal business ventures are no joke.

Do I have any solutions? I think you need to be 18 for any normal incorporating?

An age limit is only imposed on company directors.

You can incorporate all you want - but you can't be a company director until you're 18. Exceptions may apply for certain situations.

Any how, you're incorporating for purposes other than raising capital - you don't need to be a director - so just put down your mum/dad or what ever as the company director and you're done.

[Scott Taylor]

An age limit is only imposed on company directors.

You can incorporate all you want - but you can't be a company director until you're 18. Exceptions may apply for certain situations.

Any how, you're incorporating for purposes other than raising capital - you don't need to be a director - so just put down your mum/dad or what ever as the company director and you're done.

Correct, thats what I done. Just put it all in your mum/dads name until you turn 18 and change it when you do... your mum and dad dont have to do anything besides sign a few things but you can still run the company..

[Saadh]

Thanks guys. I'm from New Jersey, USA. Another question, I'd need to incorporate a 'corporation' to do this, correct? But I've heard creating an LLC is a lot better, primarily because of taxes?

Yeah, my dad said he's fine doing whatever signing is needed until I turn 18. Sweet