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Can anyone form an LLC?

In this audio snippet, you'll hear about:

• Yes. Anyone can form an LLC
• Age requirements in a few states – over the age of 16
• In some states, you cannot have a criminal record (or there are more questions asked)

Travis: Can anyone form an LLC?

Jake: Yes, anyone can form an LLC.

Travis: I understand that there are no citizenship requirements. What about age requirements?

Jake: There are a few states where you do have to be over the age of 16 and you cannot have a criminal record. Or there are going to be more questions asked, if you have a criminal record. There are some of those types of restrictions on who can form it.

Travis: OK. All in all, it doesn't restrict too much of the population.

Jake: Exactly.

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