Can you have a minor child as a member of a closed corporation in WY
1 Answer from Attorneys
As a Franchise Attorney I don't understand what you mean by "member." Corporations have shareholders, officers and directors. Minors can be shareholders, but usually not officers or directors as they lack legal capacity to enter into contracts, etc. Consult with a good business or franchise attorney in your area for specific advice.
Mr. Franchise - Kevin B. Murphy, B.S., M.B.A., J.D.
Franchise Foundations, a Professional Corporation
Related Questions & Answers
I am a member/owner of a newly formed llc. I have become to suspect that one of the... Asked 12/13/10, 8:55 pm in United States Wyoming Business Law
Hello, I bought a large number of an item you’d use when camping or boating (to sell... Asked 11/29/10, 9:10 am in United States Wyoming Business Law
Is it legal to operate a regular US LLC for customers from the US and at the same... Asked 9/07/10, 11:27 am in United States Wyoming Business Law
I am a senior in high school interesting in majoring in business. I would like to... Asked 8/20/09, 11:01 pm in United States Wyoming Business Law