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
Nope. And I’d put a freeze on your credit checks and shit to make sure he can’t do anything without you knowing.
In case you need someone to tell you - your friend is shady as hell.