can a minor enter into a partnership?

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can a minor enter into a partnership?

2007-12-02 23:09:48 · 2 answers · asked by zaffar l 1 in Business & Finance ➔ Taxes ➔ Other - Taxes

2 answers

A minor cannot enter into any contractual agreement in the United States.

2007-12-02 23:13:44 · answer #1 · answered by Scotty Doesnt Know 7 · 0⤊ 0⤋

A minor cannot enter into any valid contract in the US. There are rare exceptions for necessities of life but a partnership agreement would not be classified as such.

2007-12-02 23:42:27 · answer #2 · answered by Bostonian In MO 7 · 0⤊ 0⤋