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    Salahmed786's Avatar
    Salahmed786 Posts: 1, Reputation: 1
    New Member
    		  
    #1

    Oct 23, 2010, 10:33 AM
    My friend wants to use my name for a business contract as he is on benefits
    What would be tax or legal consequences for me as I work full time for a bank?
    excon's Avatar
    excon Posts: 21,482, Reputation: 2992
    Uber Member
    		  
    #2

    Oct 23, 2010, 10:36 AM

    Hello S:

    If your friend is going to defraud the state, I wouldn't let him use your name... The possible consequences are JAIL.

    excon
    ScottGem's Avatar
    ScottGem Posts: 64,966, Reputation: 6056
    Computer Expert and Renaissance Man
    		  
    #3

    Oct 23, 2010, 10:48 AM

    I don't understand what you mean by using your name as a business contact? Can you elaborate?
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