Thankful that I'm not in the hot soup. My bf fren got into a big trouble recently. His dad was trying to help his friend in setting up a business by making his son a part of the shareholder. However his son do not know what is the nature of the business and how the bussiness goes. But it was all due to good faith when setting up the business.
Recently, he received a letter from banks/court stating the company owing MYR3 million dollars. He was shocked as the court forcing him to pay part of the debt by the company. Even the main person managing make the company into a big debt, but putting your name into the company....you are also liable for anything happen to the company. He has no choice now that he is required to pay the debt.
Lesson: Do not put your name nor give others' your consent to involve anything you dont know anything or no involvement needed. It is a suicide move.
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