[blindlaw] Businesses owned by Minors

[Rod Alcidonis]

Minors aren't permitted to enter into valid contracts. A contract entered 
into with a minor is only enforceable against the other party, not against 
the minor.
Rod Alcidonis, J.D.

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From: "Aziza C" <daydreamingncolor at gmail.com>
Sent: Saturday, September 26, 2009 7:24 PM
To: "NFBnet Blind Law Mailing List" <blindlaw at nfbnet.org>
Subject: [blindlaw] Businesses owned by Minors

> Hi everyone,
> I was wondering if there were any laws preventing minors from owning
> companies/businesses. A friend of mine, aged seventeen, is hoping to
> start his own record label; so I pulled up a business plan, and an
> outline of what licences need to be filed for and all that fun stuff.
> My question is can he be a holder of a business and or retail licence
> at his current age?
>
> Thank you.
> Aziza Cano
> California Association of Blind Students Secretary
> Young Energetic Students Supporting Independence, NFBC Channel Islands
> Chapter President
> Tack-Tiles Registered Sales Representative
>
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