JOHNNY DOETHE LIFE WHISPERER

Legal and Tax Implications

StanSmith

replies
3
views
172
StanSmithNew MemberAuthor
Joined
Jul 2021
Messages
8

#1

So, what are the tax/legal implications for someone who unwittingly opened up a business? They never paid themselves out of course bc they had no idea. So no income tax.
Say sales tax etc were paid by the company.
Are they just left with a case of theft that may or may never surface?

SolsOffshoreCorpTalk moderator
Joined
May 2019
Messages
6,542

#2

This highly depends on exact details of the circumstances (duration, size of business, type of business, the person's involvement, and so on) and on applicable local laws.

Starting a business unwittingly is not a normal occurrence. It sounds like either identity theft (in which case you're fine, once you manage to document/prove it) or a creative attempt at feigning ignorance of tax evasion (which the judge will have a chuckle at before sentencing for tax evasion).

Speak with an attorney. See what options you have under local law.

James2774Active Recruit
Joined
Jan 2020
Messages
123

#3

Sols said:

This highly depends on exact details of the circumstances (duration, size of business, type of business, the person's involvement, and so on) and on applicable local laws.

Starting a business unwittingly is not a normal occurrence. It sounds like either identity theft (in which case you're fine, once you manage to document/prove it) or a creative attempt at feigning ignorance of tax evasion (which the judge will have a chuckle at before sentencing for tax evasion).

Speak with an attorney. See what options you have under local law.

Thats what Id assume.
If you used a dark, the actual owner of the dark is simply a victim of fraud and at no risk. I dont think anyone would assume hed open a company and never pay himself a cent lol. Would be pretty obvious I assume.

boomyFake user - Alias of JohnLocke
Joined
Sep 2020
Messages
831

#4

James2774 said:

If you used a dark, the actual owner of the dark is simply a victim of fraud and at no risk.

correct, that's why so many are using this method to avoid troubles.

More in Mentor Group Gold

All 1,017 threads

  1. Diamonds as investment!

    Houdini · 7 replies · last 2 Sep 2025

  2. THE 2025 ZERO-TAX RESIDENT’S PLAYBOOK FOR AN ESTONIAN OÜ

    ActionMan · 5 replies · last 24 Aug 2025

  3. You need a real address and director for a UK LTD?

    JohnLocke · 51 replies · last 15 Aug 2025

  4. CRS reporting of vIBAN?

    polka · 2 replies · last 14 Aug 2025

True power moves in silence.

Begin application