Ask Entrepreneur

Can a teen under the age of 18 be part of a business partnership?

I am under the age of 18 and interested in starting an e-business. Can I be part of a partnership with a parent or someone over 18?
Many states allow a person age 18 or over to freely enter into contracts and other business arrangements.  That means a teenager under the age of 18 may not.  Therefore, if you are 18 or over and live in a state that considers the "age of majority" for contracts to be 18, you can move foward full steam ahead (unless, of course, your business involves the purchase and sale of alcohol or other items with an age restriction)!  Just be sure to double-check with an attorney in your state that 18 is, in fact, the cut-off age for you.

Share Your Thoughts

Today's Editor's Picks

About ASK ENTREPRENEUR

Ask Entrepreneur is a question-and-answer forum for and by the Entrepreneur.com community. Send in your burning business question, or comment on someone else's now. Have a Question? Ask Now

Topics (over 1000+ answers)

Ask Entrepreneur Q&A Hangouts

Google + Hangout With Shark Tank
Google + Hangout With Jason Falls
Google + Hangout With Angela Jia Kim
Google + Hangout With Grant Cardone

ASK Quick Tips