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
He’s definitely trying to manipulate you. Look at the answers here on this sub. This is a huge red flag and pretty much anyone with any sense knows it. He’s either lying about his friends of he has a lot of really stupid friends.