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This answer is written by AI. The information provided in this response is intended for general informational purposes only and should not be considered as legal advice. Do not rely solely on the information provided in this response for any legal decisions. Consult with a qualified legal professional before making any decisions.

Can a Minor Establish an LLC and Appoint a Parent as a Tax Agent for an Online Business in the USA?

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Question from ALI, Can a Minor Establish an LLC and Appoint a Parent as a Tax Agent for an Online Business in the USA?

Answer from AI:

In general, the laws governing the formation of Limited Liability Companies (LLCs) are set by each state in the United States. While some states may allow minors to form an LLC, others may not. It’s important to check the specific laws in your state.

Formation of an LLC by a Minor

The age of majority, which is the age at which a person is legally considered an adult, varies by state but is typically 18 or 21. Some states do not explicitly state that a person must be of the age of majority to form an LLC, while others do.

For example, in California, the law does not specify an age requirement to form an LLC. However, the person forming the LLC must be able to enter into contracts, which generally requires being of the age of majority.

Appointing a Parent as a Tax Agent

As for appointing a parent as a tax agent, this is generally possible. An LLC can appoint an agent for service of process who is responsible for receiving legal documents on behalf of the LLC. This person must be an adult and can be a parent.

Creating an Online Business

Creating an online business, such as a Shopify store, generally requires entering into various agreements, such as the Shopify Terms of Service. These agreements are contracts, and a minor may not have the legal capacity to enter into them.

Considerations and Next Steps

If you’re a minor considering forming an LLC, here are some steps you might take:

  1. Check the laws in your state regarding the age requirements for forming an LLC.
  2. Consider whether you have the legal capacity to enter into contracts.
  3. Consult with a legal professional for personalized advice.

Remember, this information is a general guide and may not apply to your specific situation. Always consult with a legal professional for advice tailored to your circumstances.

For more information, you can visit the U.S. Small Business Administration’s guide on choosing a business structure and the IRS’s information on LLCs.

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The answer is written by AI.

The text above is written by AI, i.e., a computer.

Disclaimer: The information provided in this response is intended for general informational purposes only and should not be considered as legal advice. While we strive to provide accurate information, we make no guarantees regarding the accuracy or legal validity of the information presented. Laws and regulations vary by jurisdiction and can change over time, and the application of laws can vary widely based on the specific facts and circumstances involved. Therefore, you should consult with a qualified legal professional before making any decisions related to legal matters. Do not rely solely on the information provided in this response for any legal decisions. We disclaim any and all liability with respect to actions taken or not taken based on the contents of this response.

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