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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Disclaimer: This information is made available by MyLLC.com, Inc. (the "Company"), and is intended for educational purposes only, and it is not legal or tax advice. No action should be taken in reliance on any information in or on this site without verification with legal or tax counsel, after review of the facts and current law, that the action to be taken is appropriate under the circumstance. Except as expressly provided to the contrary in writing by the Company, the materials contained on this site are provided on an "as-is" basis without warranties of any kind, either express or implied. Company disclaims all other warranties, express or implied, including, without limitation, implied warranties of merchantability, fitness for a particular purpose, title and non-infringement as to the information, content and materials on and in the site. Company does not represent or warrant that materials on and in the site are accurate, complete, reliable, current or error-free.

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