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
What is this business he wants you to open for him? If his millionaire friends do it all the time why isnt he asking them? Is this a real life friend you have known forever or some internet “friend”? If your name is on any paperwork at all you have liability.