The question is a bit vague, but generally speaking, the debt collector (or the party owed the debt) can file a lawsuit if they have proof that the debt is valid, outstanding, and binding on your friend. They don't need a SSN to file the suit and the debt does not have to appear on the credit...Read more »
I agree. While not legally required, it is crucial to separating yourself from your corporate entity. While a separate "personal account" could probably be defended as not "co-mingling" if you keep stellar records, it is easy to maintain an independent business account to...Read more »
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