Can A Minor Serve As A Corporate Officer

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Can I be the CEO of a corporation if I'm a minor, or ...

https://www.avvo.com/legal-answers/can-i-be-the-ceo-of-a-corporation-if-i-m-a-minor---1296135.html

Jun 22, 2013 · The answer to all your questions is "no." You can not be a shareholder, or director or officer. Someone must hold the stock in trust for you and that person can act at the officer, etc. with the Trust being the shareholder. But you can not at all act on behalf of the company...

Can a minor serve on a board of or register as a ...

https://www.avvo.com/legal-answers/can-a-minor-serve-on-a-board-of-or-register-as-a-c-430990.html

Mar 03, 2011 · Whether or not the corporate law of the state in question may (and I am not sure) technically allow someone under the age of 18 to serve on the board of a nonprofit, it is probably not advised because of the inability of that individual enter into contractual relationships without certain special steps being taken.

Do LLC Members Need to be 18 Years Old (or Older)? Nolo

https://www.nolo.com/legal-encyclopedia/do-llc-members-need-18-years-old-older.html

The LLC laws of most other states say nothing at all about how old a person has to be to serve as an organizer and form an LLC. These include some of the most popular states for forming LLCs, such as California, Delaware, Nevada, and Wyoming. It appears minors can form LLCs in these states.

S Corporation Employees, Shareholders and Corporate Officers

https://www.irs.gov/businesses/small-businesses-self-employed/s-corporation-employees-shareholders-and-corporate-officers

Such payments to the corporate officer are treated as wages. Courts have consistently held S corporation officers/shareholders who provide more than minor services to their corporation and receive, or are entitled to receive, compensation are subject to federal employment taxes.

May a Minor Form a Corporation? Dana H. Shultz, Esq.The ...

https://danashultz.com/2012/05/23/may-a-minor-form-a-corporation/

May 23, 2012 · Please see Can a little kid register a company in United States? Answer: States differ as to whether they let a minor form a corporation (i.e., whether a minor can act as an incorporator). For example, Michigan, according to a 1981 Attorney General opinion, does not let a minor form a corporation. A footnote in that opinion lists 31 other jurisdictions whose incorporation statutes (as of …

ESDWAGOV - Corporate officers FAQ - Washington State

https://esd.wa.gov/employer-taxes/corporate-officers-FAQ

In general, no. In fact, federal law provides that nonprofits that are exempt under section 501 (c) (3) of the federal Internal Revenue Code and those that reimburse costs instead of paying taxes must provide unemployment coverage for their corporate officers.

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