Age requirement for registering an LLC? You Can Start an LLC Even if You’re Under 18, BUT:

25 Mar 2023 · 1 min

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0:47

The speaker explains that minors (under 18) can generally own an LLC, and this is more common than expected, especially among young e‑commerce entrepreneurs. However, minors face significant legal hurdles when trying to enter contracts because most states allow minors to void contracts or outright prohibit them from contracting, making third parties reluctant to deal with a minor-owned LLC. Consequently, the speaker advises that a minor should involve an adult (over 18) to co‑manage or co‑sign for the business to mitigate these issues. The video ends with a call to share the information with minors or save it for later reference.

Chapters

Can a minor be the owner of an LLC? For the most part, yes, somebody under the age of 18 can be the owner of an LLC. And to my surprise, this is not actually that uncommon. I've worked with quite a few entrepreneurs, particularly in the e-commerce space, that are under the age of 18 running profitable businesses. But the issue arises for when the minor wants to enter into a contract. In most states, minors are pretty easily able to get out of contracts. So the other party of the contract is going to be very reluctant to want to enter into a contract with a minor that's under the age of 18. And some states don't even allow minors to enter into contracts at all. So in these situations, it's advisable for the minor to get someone that is over the age of 18 to help run the business with them. So if you know a minor, then share this video with them, or send it to yourself so that you can look back to it later.

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