• July 2018
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I’m 16 and just started an LLC with no problems. Now, the problem is that I am too young to own a bank account. What can I do?

As you can see even if you are able to form an LLC as a minor, your ability to freely contract with others can be limited because of your age. Therefore, your inquiry digs deeper than simply researching an age requirement for formation and it’s important to seek legal advice regarding your options now. You may have to bring on another partner (or “member” in the LLC world) or designate an agent to contract on your behalf. There are other options to be discussed.

You should check out LawTrades. Our legal platform offers free consultations with experienced and vetted startup attorneys who will be able to assess your needs. Good luck with your endeavor and feel free to message me with any other questions!

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