Legal Question in Business Law in New York
is it legal for kids 14+ to open a business such as a martial arts gym in new york
2 Answers from Attorneys
As a Franchise Attorney I can say this. A minor lacks legal capacity to enter any contract, so that would be a major stumbling block. The kids would need to act through an adult, probably by forming a corporation or LLC with an adult. 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
Any child under the age of 18 can not legally enter into contracts however there are ways in which such a business can be started. Our office does such work for individuals interested in starting a business in new York.
Contact us at 212-405-2234 if interested in hiring an attorney to assist you with this process
Related Questions & Answers
-
I have a business and dont want to be responsible for employer taxes or insurances,... Asked 2/09/11, 10:50 am in United States New York Business Law
-
If someone returned a confidentiality agreement to me that had their name typed... Asked 2/09/11, 7:40 am in United States New York Business Law
Looking for something else?
10,200 active attorneys ready to answer your legal questions today.
Featured Attorneys
Earn additional revenue and grow your business.
