Thanks for all the info.

Indeed, what is the perfect way to handle this is to open a business bank 
account in the company's name. And I think UK is the most appropriate for 
this. But it will take time and it will cost. We can't really afford it 
right now because we're in an early stage of our business and are 
bootstrapping. But we'll move in this direction.

On Friday, July 20, 2012 9:33:08 PM UTC+3, Nobu Games wrote:
>
> In addition to what I said: the German bank account owner might get into 
> trouble with the German tax system because of the money you earn "for him". 
> He is actually obliged to tell the tax office about any kind of income he 
> has and in my book that money you earn counts as his income, since he owns 
> the account.
>
> I don't know how the German tax office networks with German banks and 
> whether they try to peek into transactions but I think that's a possibility 
> for uncovering fraud. I don't think that you and your company are at any 
> risk here, but your German friend might be.
>
> In my opinion the only sane way out of this situation is that the German 
> account owner terminates that account and that you open a real business 
> bank account in your company's name.
>

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