Forming an LLC as a teenager or minor is not just a dream, it can be a reality for most entrepreneurial-minded young people. Recent data shows that there has been an uptick in entrepreneurship overall, and teens play a part in the increase. A majority of high school and college students hope to start a business one day. Also, about 41% of teens prefer the entrepreneurship route, careerwise. A majority of young people also have a business idea but don’t know how or where to start. Since 2009, the number of teens starting businesses has increased eightfold.
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