My credit score is really bad, it used to be in the high 700s but is now about as bad as you can imagine. I owe a lot of debt including IRS, credit cards, banks, loans, etc.
I now need to start a business for a website I am going to be selling goods on.
If the business is in 2 peoples name. Mine and a partner who is helping.
If the IRS comes after me and tries to freeze my assets, can they touch the business bank account? My partner is worried this might happen and he will be out of luck as well? I would rather not put it all in my partners name though.