Can a minor own an LLC?
State LLC laws may not expressly prohibit minor ownership, but contractual capacity, banking, management, and other legal issues can create complications. Rules and practical requirements vary by jurisdiction.
Swyft Filings offers LLC formation services in all 50 states. Its formation workflow centers on collecting the required company information, checking the proposed name, preparing the state formation document, reviewing the filing, and submitting it to the state. After approval, an LLC may still have post-formation needs such as an EIN, an operating agreement, a business bank account, licenses, and recurring state compliance filings.