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There is no universal age that automatically qualifies someone to run a business, but minors face limits when it comes to contracts, banking, and liability. Planning around those restrictions is what turns an idea into something legally workable.

A single-member LLC is a one-owner company that separates personal assets from business risk while keeping taxes simple. The protection works best when the owner respects formalities and maintains clear financial boundaries.

A multi-member LLC is owned by two or more people and blends liability protection with partnership-style taxation. Success depends less on formation and more on clear agreements about control, profit sharing, and exit rights.