Investing before 18, how can I sign contracts myself??

[Account Closed]

Hi everyone, my name is Michael I'm 14 years old and I live in New York. I was wondering if there was a way that I would be able to sign some contracts and do business at my age. I want to get into buy and holds, and eventually down the line when I build enough passive income get into some more risky business (flips) for greater rewards. But anyways, I was told that I can form a trust so I can do business and sign contracts, is this correct? If not, is there any other way that I can sign contracts myself and do business at my age? I have some experience working with other investors now I just want to know if I can work with myself with investing, is this possible at 14? Please help guide me, thanks!

[Aaron K.]

Not without considerable cost, you might be able to form an LLC or corporation, but I believe that you need someone over the age of 18 as a designated signatory for those vehicles. If you formed an LLC or Corporation and appointed a parent as designated signatory for the corporation that might work, but this is probably a question for an attorney rather than Bigger Pockets. Also I've had luck in the past with asking questions with the online chat feature for bizfilings.com