Legal Question in Business Law in Missouri

In the state of Missouri, can a minor be a shareholder, board member, and/or CEO/president of a private C type corporation? I ask this because I plan of soon owning a corporation, if it's possible for such a thing (I'm a minor).

Asked on 6/18/13, 2:07 am

1 Answer from Attorneys

Michael R. Nack Michael R. Nack, Attorney at Law

No. A minor can not legally enter into a contract.

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Answered on 6/19/13, 6:04 pm


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