Is there a minimum age to form or own an LLC?

There's no minimum age set by state law to form or own an LLC. Wyoming's LLC statute, for example, only requires "one or more persons" to act as organizer, with no age requirement specified anywhere in the law. The IRS also doesn't set an age requirement for who can be listed as the "responsible party" on an EIN application. In practice, though, a few things make it harder for a minor to run an LLC on their own: - Opening a US business bank account almost always requires the account holder to be at least 18, since banks apply their own KYC (know-your-customer) age rules on top of state law. - Getting an EIN as an individual responsible party typically requires an SSN or ITIN, which can be harder for a minor to obtain independently. - Signing contracts (including your own operating agreement, or agreements with vendors and banks) generally isn't enforceable against a minor in most US states, which is why minors usually need a parent or guardian to sign, co-own, or act as the responsible party instead. If you're a minor (or a parent helping a minor start a business), the common approach is to have a parent or another adult act as a co-member or as the EIN responsible party, while the minor is listed as a member of the LLC. If this is your situation, we'd recommend talking it through with the doola team so we can structure the formation correctly from the start.