LLCs for Convicted Felons

Jennifer Reuting: Author By Jennifer Reuting, author of Limited Liability Companies for Dummies™

Question:

Can I get a LLC if I am a convicted felon?

Answer:

MyLLC.com was recently asked if being a felon disqualifies you from forming an LLC. While we always suggest you consult your personal legal adviser regarding any business decisions, MyLLC.com offers the following basic information.

The good news is that being a felon doesn’t disqualify you from owning your own business or entity, but the bad news is that there might be restrictions on what kind of business you can legally operate. For example: if you are thinking of opening a casino you would not be able to obtain a gaming license. If your offense was a sex offense it is unlikely that you would be able to obtain a license to operate a day care, etc. While these examples are extreme, they serve to prove the point that felons may operate an LLC but only within the guidelines dictated by your state and often the Federal Government as well.

MyLLC.com recommends contacting the Secretary of State in your state to clarify what the laws are in your particular area. There are often review boards who consider your licensing and make their decisions on a case by case basis. Should you receive the all clear to proceed with your business, MyLLC.com has highly experienced professionals standing by to assist you with forming your LLC. Contact us today to get started!

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