Can you have a minor child as a member of a closed corporation in WY
Asked on 6/30/11, 2:23 am
1 Answer from Attorneys
Kevin B. Murphy
Franchise Foundations, APC
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
Answered on 6/30/11, 6:48 am
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