leezer3 said:Definitely wouldn't touch full-stop.
His first problem is that he's not going to be able to get round it that easily. His current contract will prohibit him setting up a business in competition with his current employer for the year after he leaves. It doesn't matter whose name is on the paperwork; He will be seen as the one starting the business.
(Family had this situation after selling our business)
Also, if it goes pear shaped yes, you will be the one liable as your name will be on the paperwork.
Start running.
-Leezer-
Even if he's just listed as an employee?