Am I liable if I open a business bank account for the purpose of a second party to deposit money so it can’t be traced back to them? 5 Answers as of May 09, 2014

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Lawrence Lewis
Lawrence Lewis | Lawrence Lewis, PC
YES of conspiracy.
Answer Applies to: Georgia
Replied: 5/9/2014
IT Forensics, Inc.
IT Forensics, Inc. | Christopher K. Steuart
Sounds a bit like money laundering. Even if you're technically not engaged in money laundering, you may have tax liability for the money. I'd be extremely cautious and recommend that you seek counsel on the possible consequences of such an action.
Answer Applies to: Washington
Replied: 5/7/2014
Musilli Brennan Associates PLLC
Musilli Brennan Associates PLLC | John F Brennan
Sounds potentially problematical.
Answer Applies to: Michigan
Replied: 5/7/2014
Barton Barton & Plotkin
Barton Barton & Plotkin | Maurice Ross
Yes you are conspiring with someone to break the law here.
Answer Applies to: New York
Replied: 5/7/2014
Law Office of James E. Smith
Law Office of James E. Smith | James Smith
Yes if there is a problem, you will be liable or an accessory.
Answer Applies to: Nevada
Replied: 5/7/2014
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