WebAnswer (1 of 2): A2A Yes, a minor may form a limited liability company in Pennsylvania. I blogged about this issue several years ago. In May a Minor Form an LLC?, I noted that … WebYes, a minor may form a limited liability company (LLC) in California (and most other states). I blogged about this several years ago. Quoting a portion of May a Minor Form an LLC?: Next I turned to California, because it is a major state as well as where I practice.
Tax treatment for family members working in the family business
WebJan 18, 2024 · Yes, an LLC can own multiple LLCs. The company is a separate legal entity from its owners and shareholders, so it can own other companies just like any individual … WebA minor is any person who is under the age of 18. In the matter of business law, the most important consideration is the minor’s ability to contract. Any contract entered into by a … porsche 800 ps
Can a minor in NJ own an LLC? - Legal Answers - Avvo
WebJul 11, 2024 · Child employed by parents. Payments for the services of a child under age 18 aren't subject to Social Security and Medicare taxes, if the business is a sole proprietorship or a partnership in which each partner is a parent of the child. Payments to a child under age 21 aren't subject to FUTA. WebMay 6, 2024 · Additionally, there is no residence requirement nor age requirement for the members of an LLC in the state of Florida. A minor can own an LLC individually or with an adult. There is nothing in the new Florida Revised Limited Liability Company Act that restricts a minor from being a member of an LLC. WebMay 28, 2024 · Setting aside all governance, contractual, and other issues that could arise when making a minor child a member of a parent or guardian’s LLC, the adult should possess a very high degree of certainty … sharp reese steely santee ca