Below is information about CAN A MINOR BE 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
Most likely no. Minors can't sign legally binding contracts unless there's an excetion. They can't handle large business transactions. Both are jobs that fall upon both directors and officers of a corporation. A director or officer also might need to sue on behalf of a company, and minors can't do that either.
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.
https://www.avvo.com/legal-answers/can-i-be-the-ceo-of-a-corporation-if-i-m-a-minor-o-1296135.html
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. This comment does not create an attorney-client relationship.
https://danashultz.com/2012/05/23/may-a-minor-form-a-corporation/
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 …
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.nnoa-camppendleton.org/officer/what-is-an-officer-of-a-corporation.html
An officer of a corporation is generally an employee. However, an officer who performs no services or only minor services and who neither receives nor is entitled to receive any pay is not considered an employee. Who are the corporate officers of a corporation? These are the president, secretary and the treasurer.
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://www.nolo.com/legal-encyclopedia/do-llc-members-need-18-years-old-older.html
There is nothing that prevents a minor from being a member in an LLC. However, practical problems can arise where an LLC has minor members; especially where, as is typically the case, the LLC is member-managed—that is, all the members share responsibility for the day-to-day running of the business.
https://www.robertschriebman.net/articles/an-officer-of-a-corporation-or-llc-is-a-statutory-employee/
When the EDD selects your company for audit and demands the production of your 1099s for the past three years, you can count on an assessment for unpaid employment and withholding taxes, several levels of penalties, together with interest on both the tax and penalty portions. Taking a 1099 as a corporate officer is just flat out wrong.
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