A friend wants to open a business in my name. I don’t have to do any of the work, but he just uses my identity on all the paperwork. He and his millionaire friends all do this all the time, and now he wants me to become one of his puppets. Is this actually legal? What kinds of liabilities would I be opening myself up to by agreeing?
Throwaway account, I’m terrified for him to know
This sounds like a scam and a good way to get sued or end up in jail when your “millionaire friends” do something illegal with the business and then use you as a scape goat as your name is on all the paperwork…