Banking in US for an International business
January 30, 2013 6:29 AM Subscribe
My friend is Italian and living in Milan. He has developed a product that he will sell through Amazon. I want to help and get involved but not willing to risk my future to do it.
posted by shaarog to Work & Money (5 answers total)
He has asked me to be his US representative to receive shipments, ship to Amazon distribution centers and open a bank account for the business.
What would be my liability around the bank account? My brother has done internatonal business and advised not to sign anything (lease, bank etc) unless I was willing to be part of the company and take the risk that involves.
I am not willing to put my finances on the line for my friend. I would love to do this because I find it exciting, I want to help my friend and lastly I may make some money. But if it involves financial risk I am out.
Any advise or experience on this?