May a child legally own and operate a business or corporation, in the US?

March 29, 2010 3 Comments

In the United States, is a minor (someone under the age of 18) legally allowed to own or be the CEO of a business or even a major corporation? What kind of child labor laws would apply?

They are allowed to be owners but may not sign contracts on behalf of the company.
They could not be CEO’s as they can’t sign contracts.

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3 Responses to “May a child legally own and operate a business or corporation, in the US?”

  1. Common Sense March 29, 2010 at 5:03 pm

    They are allowed to be owners but may not sign contracts on behalf of the company.
    They could not be CEO’s as they can’t sign contracts.
    References :

  2. rtfm March 29, 2010 at 5:41 pm

    It’s got nothing to do with child labor laws. It’s simply the law that says you must be a legal adult (18 or over) to sign a contract. It’s impossible to own a company or be a CEO without signing contracts.
    References :

  3. Age of Reason March 29, 2010 at 6:05 pm

    The law is the are a minor and cannot sign any contracts or legal documents
    References :