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.
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?