Concept in Definition ABC

A figurehead is that person who lends his name, his person physical, or until the signing of it, to celebrate a contract or carry out a business, but, in fact, both the business, the goods it acquires, among others, correspond to another individual that for x situation does not want to be known or does not want to appear per se in that business or in a sale contract determined.
It should be noted that the concept of figurehead has a connotation negative because it is mostly associated with spurious, illegal or not very transparent businesses.

The concept is so common and everyday to us because in the press Written and audiovisual cases of this type are constantly presented.

The use of figureheads is usually appreciated regularly in cases of people who hold public or political positions who cannot appear with their names in certain businesses or enter into some contracts because they directly contravene their duties as officials and then to avoid appearing they use figureheads who all they do is lend them for their names but in reality they are the ones who receive the profits that come from the same.

Normally, the front men are paid an agreed amount of money to perform that role.

It is also worth noting that the use of figureheads also has the mission of evading the Justice that in those cases of illegal businesses or that contravene any rule they tend to end up more easily in the crosshairs of the courts. In this way, since there is a front man, it becomes more difficult to verify who really is the owner of the businesses in question.

On the other hand, the use of figureheads is recurrent in those cases in which a person is unable to act commercially or legally because something weighs on them. complaint or trial and then the most effective way to keep your assets and businesses safe is by appointing front men. Generally, in these cases, people are chosen from their own family so that they are erected as such or individuals of the narrowest confidence.
Because of course, for the most part, it will be about illegal maneuvers that do or do require an absolute commitment to the reservation of the case.