WebAug 16, 2016 · The minor child currently has a business in their name with an LLC/Articles of Organization registered in the state of Michigan for online retail sales mainly consisting of toys the child reviews online via YouTube. The business was established approximately 14 months ago and is profitable. She wants to make sure her child and their business is ... WebNov 25, 2024 · If the minors you want to hire are actually your own children, some regulations don’t apply — unless your business is a corporation, in which case there …
THIS is how old you have to be to open a bank account [2024]
WebNov 25, 2024 · In the entertainment industry, parents are required by law to be on set with their minor children. That’s something to consider if your business involves any kind of filming, photography, performing, or … WebFeb 7, 2024 · Although minors may possess rights and own property, legally, they have less standing to manage their financial affairs than adults. Similarly, although minors may enter contracts and thereby acquire contractual rights, the rules regarding enforcement of contracts between minors and adults are different than those for contracts between adults. ray schmitz madison wi
business - Can minors own a company (eg. LLC)? - Law Stack Exchange
WebJan 4, 2024 · Even if the child is no longer a minor, you might still want to have a property management system in place. In most states, children reach the age of majority at 18 years of age, which many people consider to be still too young to manage a … WebJan 2, 2024 · Legal Requirements to Consider for Teenage Entrepreneurs. In the eyes of many states, minors are able to form businesses of their own, even if that's only … ray schlather ithaca