Question by Antonio C.: Im underage can i own a company?
i dont know much about business and being underage..but im 15 and im a music producer and have been told by many that i have talent and have been selling my instrumentals for about a year now,but i want to take things to the next level by setting up my own independent record label/production company and making things official.Is this possible,couldnt i do somethin like that with my guardians signature?
Answer by Austin
i am 15 and own my own web design, marketing, and business identity company that i started maybe 2 months ago all of my forms just passed and even got a trademark for my company name you need to have a parent own the majority of the shares since the law does not see you a minor to be contempt the way i have mine set up is my dad owns 51% of the shares in my company when i turn of legal age (18) he will sell those shares back to me for $ 1 while currently i own 49% of the shares but he is not allowed to take any of the money in my company bank account i wouldnt use legal zoom if your serious and can afford it find a lawyer to file everything its easier especially when dealing with a minor business startup
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