I want to make my son partial owner in a corporation but he is only 1 year old - is this possible?
2007-02-09 13:18:37 · 7 answers · asked by Tim D 1 in Politics & Government ➔ Law & Ethics
Clearly you should consult an attorney, but you can likely place his stock in a trust until he is the age of majority.
2007-02-09 13:30:01 · answer #1 · answered by Randy 7 · 0⤊ 1⤋
You would have to consult a laywer in Iowa...I would think it would have to be laid out in a trust fund sorta of way. He isn't capable of making business decissions and is a minor so someone who have to be the trustee in those matters
2007-02-09 13:30:42 · answer #2 · answered by Anonymous · 0⤊ 1⤋
Sure, just put some of the stock in his name.
2007-02-09 13:22:15 · answer #3 · answered by Anonymous · 0⤊ 2⤋
No, I am pretty sure there is a limit on the age.
2007-02-09 13:24:08 · answer #4 · answered by ButwhatdoIno? 6 · 1⤊ 2⤋
i must say ur son is lucky..but wait till he is 18
2007-02-09 13:22:42 · answer #5 · answered by Moe 2 · 0⤊ 2⤋
Not yet.they need to understand about it first.
2007-02-09 13:26:19 · answer #6 · answered by Anonymous · 0⤊ 1⤋
yes. yes
2007-02-09 13:30:33 · answer #7 · answered by b 5 · 0⤊ 0⤋