[blindlaw] Businesses owned by Minors

[Tim Shaw]

I wasnt referring to the minor I was referring them as the one setting up the account at the movie rental store on behalf of the company, renting the movies to the customer, etc. There in fact they ARE acting as the agent of the company in the transation and agreement.
 
> From: ckrugman at sbcglobal.net
> To: blindlaw at nfbnet.org
> Date: Sat, 26 Sep 2009 20:53:34 -0700
> Subject: Re: [blindlaw] Businesses owned by Minors
> 
> A minor does not have the capacity to be an agent of a corporation. This is 
> why many companies will require that when a minor receives or requests a 
> service such your example of renting movies a parent's name is on the 
> account as they are actually liable for the incurred fees or fines.
> Chuck
> ----- Original Message ----- 
> From: "Tim Shaw" <timandvickie at hotmail.com>
> To: <blindlaw at nfbnet.org>
> Sent: Saturday, September 26, 2009 8:39 PM
> Subject: Re: [blindlaw] Businesses owned by Minors
> 
> 
> 
> ah but if he incorporates then it is the corporation entering into the 
> contract, not him, and a minor can enter intoa contract as an a- hehgent of 
> a company. otherwise when you didnt return your movies to blockbuster on 
> time you could say oh we dont have a valid contract. I would say ncorporate 
> and list another person as swell as him as owner and management of the 
> company, and then once he turns 18 they can just hand oer total owenership 
> to him. He could even say they only owned like 5% of the company if he was 
> worried about themt rying to take control of the cmpany.
> 
> > From: ckrugman at sbcglobal.net
> > To: blindlaw at nfbnet.org
> > Date: Sat, 26 Sep 2009 20:04:39 -0700
> > Subject: Re: [blindlaw] Businesses owned by Minors
> >
> > What would pose more of a problem is that a minor unless they are
> > emancipated does not have the capacity to enter in to any legal contracts
> > that are binding in most states.
> > Chuck
> > ----- Original Message ----- 
> > From: "Aziza C" <daydreamingncolor at gmail.com>
> > To: "NFBnet Blind Law Mailing List" <blindlaw at nfbnet.org>
> > Sent: Saturday, September 26, 2009 5:52 PM
> > Subject: Re: [blindlaw] Businesses owned by Minors
> >
> >
> > Would that pose a problem considering their is not a location for this
> > label yet?
> >
> > On 9/26/09, Tim Shaw <timandvickie at hotmail.com> wrote:
> > >
> > > Id say incorporate and then get all the liscences and stuff in the name 
> > > of
> > > the company as the corporation is its own intentity;)
> > >
> > >> Date: Sat, 26 Sep 2009 16:24:51 -0700
> > >> From: daydreamingncolor at gmail.com
> > >> To: 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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