CAN A MINOR BE 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 be a Corporate officer and Legal Advice

https://www.lawguru.com/legal-questions/california-credit-debt-collections/minor-corporate-officer-liens-filed-331948781/

Re: Can a minor be a Corporate officer and have liens filed against them? No, he is not personally liable. He can resign as an officer any time he wants to. Read more. Answered on 11/18/00, 12:32 am. Mark as helpful. More Credit, Debt and Collections Law questions and answers in California.

Can a Minor Child Be a Shareholder in a ... - Small Business

https://smallbusiness.chron.com/can-minor-child-shareholder-corporation-55158.html

Aug 25, 2020 · Can a Minor Child Be a Shareholder in a Corporation?. Small business owners sometimes set up the family business as a corporation. It may make sense to allow every family member to have a stake in ...

Can a Minor Child Be a Shareholder of an S Corporation ...

https://legalbeagle.com/13653595-can-a-minor-child-be-a-shareholder-of-an-s-corporation.html

Sep 26, 2017 · Stock in a regular corporation can be placed in the name of a child, for instance, as a gift. Absent any specific restriction, stock in an S corporation has the same ownership eligibility as a regular corporation. Minors can be shareholders in an S corporation as they can be in any corporation. Read More: Corporation vs. Officer vs. Owner

S Corporation Employees, Shareholders and Corporate Officers

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

Mar 16, 2021 · 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 · 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 that time) variously require that incorporators either be at least 18 years old or have the capacity to contract.

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.

Can A Corporation Be An Officer?

https://www.calcorporatelaw.com/2017/11/can-corporation-officer

First, it does not define the term "officer" as it does "director". Second the statute, Cal. Corp. Code § 312, specifying what officers a corporation must, or may, have does not expressly state that these officers must be natural persons. In fact, the statutory use of the term "person" is ambiguous the Corporations Code defines "person" as ...

Appointing Officers in a Corporation legalzoom.com

https://www.legalzoom.com/articles/appointing-officers-in-a-corporation

May 18, 2021 · Officers are appointed by the board of directors to run the day-to-day operations of the corporation. Commonly, and by law in many states, a corporation will have at least three officers: (1) a president, (2) a treasurer or chief financial officer, and (3) a secretary. Officers do not have to be shareholders or directors, but they can be. There is no limit on the number of officers, and ...

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