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
It is fwb. He insists my taxes won’t be affected at all because it’s net 0. Thank you for the advice. It helps to see other people seeing my same skeptical reaction. I feel like he’s trying to gaslight me by saying I’m his only friend that’s over reacting over a deal like this