<prompt> Human: Im not really sure how to properly ask this question, nor do i know anything about finance, but heres some background: 20 years old, in college trying to graduate with a bachelors in engineering. I have 3 years of schooling left. My mom and dad both work together and own the same company.Dad has had two or three companies in the past that didnt go so well; things arent doing well enough for this current company either. I know this current company is registered under my moms name. They told me tonight that theyre starting another company in my name.Ive read other posts where parents amass a large amount of debt and leave their children the responsibility of dealing with it. How can this affect me?  <response>: Holy crap, you do NOT want this.If the companys in your name, and they tank yet another business, congratulations-- youre on the hook! 