Below is information about CAN A MINOR SERVE AS A CORPORATE OFFICER from a variety of sources. Please take a look at the materials that our team has selected for you.
https://law.stackexchange.com/questions/55990/can-a-minor-act-as-an-officer-or-director-of-a-corporation#:~:text=Both%20are%20jobs%20that%20fall%20upon%20both%20directors,is%20a%20job%2C%20which%20requires%20a%20Work%20Permit.
https://law.stackexchange.com/questions/55990/can-a-minor-act-as-an-officer-or-director-of-a-corporation
https://eminutes.com/can-a-minor-be-an-owner-officer-director-or-manager-of-a-business-entity
That a minor can legally own a business interest or act as a director, officer, or manager of a corporation or limited liability company does not mean that issues related to the person’s age will not arise. For example, minors are generally viewed as not having the capacity to contract. [6]
https://www.raymondcapaldi.com.au/c-corporate-office/can-a-minor-serve-as-a-corporate-officer.html
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.
https://www.avvo.com/legal-answers/can-i-be-the-ceo-of-a-corporation-if-i-m-a-minor-o-1296135.html
Posted on Jun 24, 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.
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.
https://legalbeagle.com/13653595-can-a-minor-child-be-a-shareholder-of-an-s-corporation.html
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
https://www.nolo.com/legal-encyclopedia/do-llc-members-need-18-years-old-older.html
The LLC laws of some states specifically provide that minors under age 18 cannot serve as organizers to form LLCs. These states include: Colorado (CO Revised Statutes 7-80-203) Illinois (805 IL Compiled Statutes 180/5-1) Minnesota (MN Statutes 322B.105) Oregon (OR Revised Statutes 63.044), and
https://www.robertschriebman.net/articles/an-officer-of-a-corporation-or-llc-is-a-statutory-employee/
Both California and federal law say you must be an employee. There are very rare exceptions wherein a corporate officer will have a very limited and specific job within the corporation and then service the corporation as an independent consultant in other areas.
https://www.legalzoom.com/articles/appointing-officers-in-a-corporation
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 …
https://quora.com/Is-it-legal-for-a-minor-to-found-a-non-profit-organization-in-California-and-or-serve-as-ED
Answer: Yes, a minor can be a founder of a nonprofit organization and serve as its executive director in California. Here is one way. 1. Assemble a group of people who feel strongly about the cause. Determine the mission. Make sure the mission of the organization is …
Did you find the information you need about CAN A MINOR SERVE AS A CORPORATE OFFICER?
We hope you found all the information about CAN A MINOR SERVE AS A CORPORATE OFFICER you were looking for and more.
