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

min read
Opinions expressed by Entrepreneur contributors are their own.
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.

More from Entrepreneur

Get heaping discounts to books you love delivered straight to your inbox. We’ll feature a different book each week and share exclusive deals you won’t find anywhere else.
Jumpstart Your Business. Entrepreneur Insider is your all-access pass to the skills, experts, and network you need to get your business off the ground—or take it to the next level.
Create your business plan in half the time with twice the impact using Entrepreneur's BIZ PLANNING PLUS powered by LivePlan. Try risk free for 60 days.

Latest on Entrepreneur