What is the minimum legal age to own a business in Oregon
What is the minimum legal age you can be and still own a business in Oregon? Can my 7 year old own a business? My 9 year old? 10? 13? 15?
I've looked everywhere and it seems there is no set age.
I would like to set them up in a business as soon as possible.
Thanks
Asked on 3/25/00, 1:24 am
1 Answer from Attorneys
Jeffrey W. Jones
Jeffrey W. Jones, P.A.
Re: What is the minimum legal age to own a business in Oregon
In Oregon, a minor (someone below 18) can own property, including shares of a business. However, a minor cannot enter into legally enforcable contracts. Therefore, to bind the minor, they usually must act through their guardian.
Answered on 3/28/00, 3:41 pm
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