Is it possible for a teen to form an LLC/C-Corp? If so, what are the costs, the process and the requirements?
I'm a US Citizen but currently live in Bosnia. I'm 17, turning 18 on December 2nd.
If you want to form the LLC in the U.S., the answer probably will depend on the state in which the LLC is formed.
For example, in CA a minor (under 18 years old) cannot enter into an LLC operating agreement because the LLC membership interest would constitute personal property not in the minor's immediate possession or control. Please see Contracts with Minor can Lead to Major Problems.
Disclaimer: This post does not constitute legal advice and does not establish an attorney-client relationship.
The legal age to sign a contract in the U.S. is 18. Any contract signed before that age is void.
Legal age to sign a binding contract So you as a sub-18 teen can not form an LLC.