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
Figured out why they’re millionaires. Open a business in some schmuck’s name, open up a bunch of credit cards and loans, pocket the money and leave the legal owner stuck holding the bag.