Can a minor set up an LLC ? If yes, can they chose to file as an S Corp? Also, can it be set up with another adult(who is not a parent, more of a business partner)? State is CA.
Best Answer Click here
This discussion has been locked. No new contributions can be made. You may start a new discussion here
That's a legal question.
As was pointed out, forming a legal entity (and figuring out its complications) is something that needs to be brought to a business attorney. Asking questions on any online forum is not a good idea - it should be brought to a professional that specializes in it, or else you are likely going to be doing something wrong.
Okay Thanks!
Since you asked about S Corp, it's also a Labor Standards question, because now you are veering into Payroll for minors.
You have clicked a link to a site outside of the Intuit Accountants Community. By clicking "Continue", you will leave the community and be taken to that site instead.