Legal Question in Business Law in Pennsylvania
Can a minor own a company?
At what age can an individual own a business entity?
Asked on 8/16/00, 8:40 am
1 Answer from Attorneys
Murray Eckell
Eckell,Sparks,Levy, Auerbach,Monte,Rainer,&Sloane
Re: Can a minor own a company?
Since a minor cannot contract, a minor would need to own a business through a guardian. It is not difficult to arrange. At age 18, one can own a business
Answered on 9/22/00, 9:29 am