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  1. #1
    Join Date
    Jun 2004
    Posts
    340

    Question Registering a business

    Hello, I am interested in starting a business with a friend. (I'm 16, he's 17) How would one go about registering a business if the partner lives in Arizona and I live in Pennsylvania? We would like to register as an LLC. I assume we would probably have to register in both states. If you could give me some light on this I would greatly appreciate it.

    Thanks,
    Ryan

  2. #2
    You can register in any state you want - neither of you has to live in the state you register.

    Most state's Secretary of State websites will have the forms and such available for download. You might want to seek the advice of a lawyer though.
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  3. #3
    Join Date
    Jun 2004
    Posts
    340
    Alright, thanks for the information.

    Would we have to note the partner in the paperwork somewhere or have the partner sign, too?
    Last edited by iGravity; 10-07-2006 at 09:18 PM.

  4. #4
    Yes you have to list the members...

    But I doubt that you will be able to file since you are underage.
    Scott Benson, Owner
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  5. #5
    Join Date
    Jun 2004
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    340
    So, we would have to have someone over 18, maybe a parent, sign for us?

  6. #6
    Join Date
    Oct 2001
    Location
    Ohio
    Posts
    8,299
    Quote Originally Posted by iGravity
    So, we would have to have someone over 18, maybe a parent, sign for us?
    I believe you would only need to have them listed as the registered agent.

  7. #7
    Join Date
    Mar 2003
    Location
    Spokane, WA
    Posts
    262
    INAL, but I don't believe you can even be listed as owners of the company because you're underage. So the entire thing would have to be listed with your parents or some other adult.

  8. #8
    Join Date
    Jun 2004
    Posts
    340
    Ok, sounds good. Thanks everyone for the information.

  9. #9
    Join Date
    Aug 2006
    Location
    Arizona USA
    Posts
    3
    i good way to find out is contact the state you live in.
    I live in Arizona and when i contacted them they where vary helpfull.
    and answard all my questions.

    KingTiger

  10. #10
    Join Date
    Mar 2005
    Location
    USA
    Posts
    666
    Find your local SCORE chapter http://www.score.org/, they usually have one in every large city. They'll give you all the free business advice you need. Part of the SBA and really helpful to new or aspiring business people.
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  11. #11
    Join Date
    Oct 2002
    Location
    Under Your Skin
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    5,875
    Actually, you may be able to register the business in your name, even if underage... depends on the state you live. Some states allow this, some don't. The Fed gov has nothing that says what age you must be to own a business... well, at your age anyway... from what I can remember.

    Although, you may have to get your parents to sign some legal documents.
    Windows 10 to Linux and Mac OSX: I'm PARSECs better than you. Eat my dust!!!

  12. #12
    If you do this you have to keep accounts of everything though.

  13. #13
    Join Date
    Mar 2002
    Location
    Posts
    785
    If age is an issue you could just not register any company and operate as individuals and split the profits equally.

    If you need someone over 18, hire a lawyer, do not get your parents to sign or approve anything, they will hold it over you.
    I made the same mistake when I was under 18.
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  14. #14
    Join Date
    Feb 2002
    Location
    New York, NY
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    4,612
    Quote Originally Posted by Host Ultra
    If you need someone over 18, hire a lawyer, do not get your parents to sign or approve anything, they will hold it over you.
    I made the same mistake when I was under 18.
    I suppose it depends on the type of parents you have. I started in business at 16, and had my father listed as the Treasurer. It doesn't have to be your parents, but it should be someone that you trust, and not just an older high school friend that happens to be 18. I am glad that I started with a properly formed and documented business structure right from the start, rather than in an informal and potentially illegal way.

    In any case, you (and hopefully your parents) should sit down with a lawyer to discuss your options. There may be a lawyer near you that would be willing to sit down with you for free to help get you started in the right direction. As your business grows, you'll probably want to hire him for various legal assistance along the way.
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