Nonprofit chairman at 17 yrs old

[neko100]

Texas

My nephew started a nonprofit corporation and is 17 -- can he still be the chairman of the board and CEO?

[Highwayman]

Why do you care?

Let him deal with his own legal issues.

[adjusterjack]

Originally Posted by neko100

Texas

My nephew started a nonprofit corporation and is 17 -- can he still be the chairman of the board and CEO?

Probably, but I doubt that (as a minor) he will get past just putting it on paper.

People tend not to do business with minors because minors can disavow their contracts.

[neko100]

Originally Posted by adjusterjack

Probably, but I doubt that (as a minor) he will get past just putting it on paper.

People tend not to do business with minors because minors can disavow their contracts.

Yes I think that may be an issue as well.
He could have a family member assist...there are several that are willing to help him until he comes of age.

I'll suggest it.


He will also be meeting with a nonprofit lawyer in two weeks but we are going through the issues that he wants to discuss.

Thanks for the response!

[adjusterjack]

What is the nature of this non-profit? What does he plan to accomplish with it.

How soon will he be 18?

Seeing a lawyer is an excellent idea.

After that he should see a CPA.

He will have to get approval from the IRS under 501(C)(3) for tax exempt status.

Any entity can be non-profit (not make any money) but there are special requirements to be tax exempt.