(self.webpackChunk_N_E=self.webpackChunk_N_E||[]).push([[25314],{88823:function(e,t,n){(window.__NEXT_P=window.__NEXT_P||[]).push(["/blog/can-a-teen-start-an-llc",function(){return n(22236)}])},22236:function(e,t,n){"use strict";n.r(t),n.d(t,{article:function(){return r},metadata:function(){return o}});var s=n(85893),i=n(11151),a=n(82027);let r={slugg:"can-a-teen-start-an-llc",author:"Jacob Miller",date:"2024-01-11",title:"Can a Teen Start a Limited Liability Company (LLC)?",description:"Learn about the possibility of teens starting a Limited Liability Company (LLC) and the nuances associated with it.",metaDescription:"Interested in forming an LLC as a teen? Find out the legal age requirements, state nuances, and examples in this comprehensive guide."},o={title:r.title,description:r.description},l=function(e){return(0,s.jsx)(a.k,Object.assign({article:r},e))};function c(e){let t=Object.assign({h1:"h1",p:"p",h2:"h2",h3:"h3",a:"a"},(0,i.ah)(),e.components);return(0,s.jsxs)(s.Fragment,{children:[(0,s.jsx)(t.h1,{children:"Can a Teen Start a Limited Liability Company (LLC)?"}),"\n",(0,s.jsx)(t.p,{children:"Limited Liability Companies (LLCs) are a popular business structure known for their flexibility and protection of personal assets. Forming an LLC involves creating a separate legal entity that can shield the owner's personal assets from business liabilities. But can a teenager start an LLC? Let's delve into the specifics."}),"\n",(0,s.jsx)(t.h2,{children:"What is Forming an LLC?"}),"\n",(0,s.jsx)(t.p,{children:"Forming an LLC involves registering a business entity with the state where the business will operate. This process typically includes choosing a unique business name, filing formation documents, and paying the necessary fees. Once approved, the LLC exists as a separate entity from its owners."}),"\n",(0,s.jsx)(t.h2,{children:"Unique Aspect of People Interested in Forming an LLC"}),"\n",(0,s.jsx)(t.p,{children:"Individuals interested in forming an LLC are often entrepreneurs, small business owners, or individuals looking to protect their personal assets while running a business. They value the flexibility an LLC offers in terms of management structure and taxation options."}),"\n",(0,s.jsx)(t.h2,{children:"Nuances by State"}),"\n",(0,s.jsx)(t.p,{children:"Each state has its own laws and regulations regarding the formation of an LLC, including age requirements for LLC owners. Some states allow minors to be LLC owners with certain restrictions, while others require LLC owners to be of legal age (usually 18 years old)."}),"\n",(0,s.jsx)(t.h2,{children:"Example Scenarios"}),"\n",(0,s.jsx)(t.h3,{children:"Scenario 1: Sarah, Age 17"}),"\n",(0,s.jsx)(t.p,{children:"Sarah is a talented artist who wants to sell her artwork online. She decides to form an LLC to protect her personal assets in case of any legal issues. In Sarah's state, minors are not allowed to be LLC owners, so she needs to wait until she turns 18 to register the LLC."}),"\n",(0,s.jsx)(t.h3,{children:"Scenario 2: Alex, Age 16"}),"\n",(0,s.jsx)(t.p,{children:"Alex is a high school student who has developed a successful mobile app. He wants to formalize his business and is considering forming an LLC. In Alex's state, minors can be LLC owners with parental consent, so he is able to start an LLC with his parents' support."}),"\n",(0,s.jsx)(t.h2,{children:"Conclusion"}),"\n",(0,s.jsx)(t.p,{children:"While the ability for a teen to start an LLC depends on state laws and age restrictions, it is possible in some states with parental consent or upon reaching the legal age of majority. Teens considering starting an LLC should research their state's specific requirements and seek legal guidance to ensure compliance with the law."}),"\n",(0,s.jsxs)(t.p,{children:["Are you looking to start your own business or formalize an existing venture? Our AI-powered contract generator, ",(0,s.jsx)(t.a,{href:"https://www.contractable.ai",children:"Contractable"}),", can help you create custom contracts and legal documents efficiently. Stay informed and empowered in your business endeavors!"]})]})}t.default=function(){let e=arguments.length>0&&void 0!==arguments[0]?arguments[0]:{};return(0,s.jsx)(l,Object.assign({},e,{children:(0,s.jsx)(c,e)}))}},82027:function(e,t,n){"use strict";n.d(t,{k:function(){return r}});var s=n(85893),i=n(9008),a=n.n(i);function r(e){let{children:t,article:n}=e;return(0,s.jsxs)(s.Fragment,{children:[(0,s.jsxs)(a(),{children:[(0,s.jsx)("title",{children:"".concat(n.title," | Contractable")}),(0,s.jsx)("meta",{name:"description",content:n.metaDescription}),(0,s.jsx)("meta",{name:"author",content:n.author}),(0,s.jsx)("link",{rel:"canonical",href:"https://www.contractable.ai/blog/".concat(n.slugg)})]}),(0,s.jsx)("div",{className:"my-12 flex min-h-full flex-col items-center max-sm:px-2",children:(0,s.jsx)(o,{title:n.title,metaDescription:n.metaDescription,date:n.date,author:n.author,text:t})})]})}let o=e=>(0,s.jsx)("div",{className:"special-border bg-slate-50 px-4 py-16 text-slate-900 md:px-32",children:(0,s.jsxs)("div",{className:"max-w-3xl",children:[(0,s.jsx)("h3",{className:"mb-2 text-sm font-extralight tracking-wider",children:e.date}),(0,s.jsx)("h1",{className:"mb-2 text-5xl",children:e.title}),(0,s.jsx)("h3",{className:"text-sm tracking-wider",children:e.author}),(0,s.jsx)("p",{className:"text-md my-8 font-extralight italic ",children:e.metaDescription}),(0,s.jsx)("div",{className:"prose mt-8 flex max-w-3xl flex-col text-lg leading-relaxed","data-mdx-content":!0,children:e.text})]})})},9008:function(e,t,n){e.exports=n(34605)},11151:function(e,t,n){"use strict";n.d(t,{ah:function(){return a}});var s=n(67294);let i=s.createContext({});function a(e){let t=s.useContext(i);return s.useMemo(()=>"function"==typeof e?e(t):{...t,...e},[t,e])}}},function(e){e.O(0,[49774,92888,40179],function(){return e(e.s=88823)}),_N_E=e.O()}]);