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
If you’re terrified for them to know you’re posting this, why would you even consider going into business with them? Legal, or not? That would be an insane plan!
My alarm bells are ringing TBH and I hope, for your sake, that you pass on this request.