How can a minor own and operate an LLC with as little adult involvement as possible?
<p>Note: I am going to talk to a lawyer before I actually do this, but I would like to have some idea of the best option before I start.</p>
<p>If a minor wants to start a business selling things on eBay as an LLC, how can the LLC be set up so the minor does as much of the work as possible, receives as much of the money as possible, and pays as much of the taxes as possible, with a parent involved as needed for legal requirements?</p>

<p>Your guardian (usually your parent) can practically override anything you do. So you can’t do anything in practice  if your parents know about it and are against it.</p>
<p>Whether you can start an LLC as a minor I don’t know. The fact that you could escape all otherwise binding contracts makes it unlikely. EBay apparently refuses to enter contracts with minors.</p>
<p>Obviously your parents can set up an LLC and enter contracts with eBay, while leaving you with all the work to do, allowing you to put profits into a bank account in your name and taking losses out of your savings. Ultimately they will be legally responsible, but as long as everything is fine (you do all the work, it doesn’t keep you from going to school or is just to much work for a minor, and you make some profit going into your bank account) this is alright. You’d have to make sure that taxes are handled correctly; the LLC can pay salary and dividends to you.  Shortly after you are a legal adult, your parents can sell you the company for a dollar.</p>
<p>Be aware that your parents can quite likely rip you off legally if they are that kind of parent.</p>

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