Can teenagers form a corporation?
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Can teenagers form a corporation?
My 16 year old son wants to incorporate with a few of his classmates for a project that they are working on. I am wondering what is the right process for them to incorporate as they are all under 18?
Asked on April 10, 2017 under Business Law, California
Answers:
M.T.G., Member, New York Bar / FreeAdvice Contributing Attorney
Answered 7 years ago | Contributor
California seems to be a state that does not forbid a minor to form a corporation. See California corporations law section 200. I would worr, though, if they enter in to any contracts with third parties during this "project" and I would closely monitor them for their parent's sake. Good luck.
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