business question

[xenocyd3]

hi,

i was recently given paper work to fill out for my business. it's a proprietorship. i'm under the age of 18.... can i sign where it says authorized signature? i'm basically the person who runs the whole company but its under my dads name since i'm under age.

 

[Vette73]

You can NOT enter into any type of LEGAL contract if you are under 18.

Also do you mean sole-proprietorship is how you company is formed?
If so that is BAD. Do a type S-Corp, or LLC. You get better legal protection like a Corp., but the tax advantages of a sole-proprietorship business.

 

[woowoo]

Originally posted by: xenocyd3
i'm under the age of 18.

Then you don't sign anything.

 

[Hankerton]

Originally posted by: woowoo

Originally posted by: xenocyd3
i'm under the age of 18.

Then you don't sign anything.

 

[xenocyd3]

can i get my mom to sign it?

 

[InverseOfNeo]

Originally posted by: xenocyd3
hi,

i was recently given paper work to fill out for my business. it's a proprietorship. i'm under the age of 18.... can i sign where it says authorized signature? i'm basically the person who runs the whole company but its under my dads name since i'm under age.

I think you answered your own question.

 

[mugs]

Originally posted by: xenocyd3
can i get my mom to sign it?

Why would your mom sign it if your dad "owns" the company?

 

[ActuaryTm]

And yet another web host is born.