• July 2018
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I wish to start a company at 17. Are there restrictions to doing this?

Like Delaware, New York has no age restriction for forming an LLC. This is in contrast with New York’s requirement for corporation directors to be at least 18 years old. Nevada has no age restriction either, which is important because this is often considered, with Delaware, to be the top state to set up an LLC for individuals in less-management friendly states.

The fact that you have the ability to form an LLC in Nevada or Delaware as a minor provides you with a few great options. However, even if you are able to form an business as a minor, your ability to freely contract with others may 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 before you establish your LLC to see what your options are.

You should check out what we’re doing at LawTrades. We offer free 20-minute 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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