New Federal Requirement: Starting January 1, 2024, most business entities in the US will need to report Beneficial Ownership Information.


HOME LEARNING CENTER ANSWERS All Questions Incorporation Questions Maintaining a Company Can a minor be a sole shareholder in a company?

Asked by: Drew  — 26 July, 2011


I am a 16 year old living in Ontario, Canada. I am currently running a sole proprietorship but am interested in incorporating for liability reasons among others.

In what state (if any) can i legally incorporate a company? If i cant, can my parents incorporate it and hold shares in trust for me? Can i be a director or officer?


Answered by: admin  — 26 July, 2011


Delaware and New York (for example) do not have an age qualification, so a minor can incorporate a company and own shares. You will need your parents, a legal guardian or a trust to convey or sell these shares, since this requires a minor to execute a written agreement.

Ask Incorporation Question
Please enter your full name
Please enter your email address
Please select your phone number
Please select
Please enter text message
Begin Web-Stat code v 6.0