Federal Grant Minority Owned Business

What are the risks to put this business in my name?

Today, my boyfriend owns and operates a towing business. Want to put me as the owner so, then the activity trailer will be minority-owned … we could qualify for many federal grants and loans, etc, and then POSTAL can go with your company .. working for the United States Postal Service. We first have to join. We will be a corporation that is a separate entity … it I'm asking is: What are the risks involved in putting the corporation on my behalf. Is this something that is hard to leave? What are the pros and cons? Thanks so much!

I'm in the UK, but I think it's going to basically the same as in the U.S.. Corporation in the United Kingdom is a limited company means the company will be responsible for all debts, but you will be responsible for paying them and signing of checks you will be the largest shareholder director. If the company goes bankrupt you will have complete responsibility for everything and if there should be no legal action that will might have to appear before the court – Why cannot put it in your own name and get all the grants and loans? Deductions also affect Current tax if your current job will be a director in your company? Is there a website in the U.S. that will give you all the information you need or talk to someone jurisdiction in the matter. A friend of mine had a limited company they went bankrupt was liable for the debts and through the courts have home for sale to repay debt to the government?

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