Anonymous
Anonymous asked in Business & FinancePersonal Finance · 1 month ago

can a 14 year old with a job, bank account etc open a restauraunt?

5 Answers

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  • 1 month ago

    You cannot have a bank account because you are not of legal age to sign a contract, which is required when you open a bank account.  Your name can be added to an account, to make it a joint account with someone else, however.  No, you cannot open a  restaurant because you are not of legal age to sign a lease.  A lease would be required to rent a space, and you would need plenty of money to pay for restaurant equipment, employees' wages, etc.

  • 1 month ago

    No. You are not a legal adult and cannot enter in the needed contracts including a basic lease for space.  Legally you could at age 18. 

    (assumes you are in the US)

  • Anonymous
    1 month ago

    In MS, you could not do it at 20. Most states you have to be 18. But nobody is going to rent to you.

  • 1 month ago

    When you’re 18+ you can have a bank account in your name, sign contracts and open a business but you’ll have a hard time finding businesses willing to extend credit to a 18 yo with no experience.

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  • 1 month ago

    maybe a front yard lemonade stand

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