Legal Question in Business Law in Arizona
Business account
I have a friend who would like me to open a busines account in my name n order to assist him in paying vendors. Are there any legal ramifications for me in doing this
1 Answer from Attorneys
Re: Business account
You are going to set up an account to pay his vendors because he cannot do this for himself in that ......
You are going to make his vendors believe that it is you and not him because .....
Your friend has financial problems that you are going to take the risk for because ......
You are going to be paid for all this as follows: .....
You have (have not) signed a written agreement .....
You are partners, joint venturers, etc. under the following terms .....
You will have a corporation, LLC, etc to protect you from liability as follows: ....
Fill in the blanks. We cannot without enough facts.
Good luck.
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