A prête-nom is a person who allows someone else to use their name for a certain purpose.
A prête-nom, pronounced pret-nohm, is someone who lends their name to another person or entity. It is commonly used by businessmen to register a company in their name while they are the ones actually running it. Celebrities also use prête-noms to purchase properties without their name being publicly associated with the transaction. These examples demonstrate how a prête-nom can be utilised to hide the true identity of the person or entity involved in a business or transaction. Essentially, the prête-nom acts as a front or cover for the actual individual or entity involved.
A Prête-Nom is a legal term used in French-speaking countries, particularly in Quebec, to refer to a person who lends their name to another individual or entity for legal purposes.
Using a Prête-Nom can be legal if it is done within the boundaries of the law. However, it is important to consult with a legal professional to ensure compliance with all applicable regulations and avoid any potential legal consequences.
A Prête-Nom can be used for various purposes, such as purchasing property, starting a business, or entering into contracts, where the person lending their name acts as a representative or nominee for the actual beneficiary.
In general, a Prête-Nom is not legally responsible for the actions of the beneficiary. However, there may be exceptions depending on the specific circumstances and the nature of the legal agreement between the parties involved.
Using a Prête-Nom can involve certain legal risks, especially if it is done with fraudulent intent or to evade legal obligations. It is crucial to ensure that the arrangement is conducted in good faith and complies with all applicable laws and regulations.
The arrangement of a Prête-Nom can be changed or revoked if all parties involved agree to do so. However, it is advisable to consult with a legal professional to ensure that the process is carried out correctly and in accordance with the law.
Using a Prête-Nom may have tax implications, as it can affect the allocation of income, expenses, and tax liabilities. It is essential to consult with a tax professional to understand the specific tax consequences and ensure compliance with tax laws.
Using a Prête-Nom with the intention of hiding assets or engaging in illegal activities is illegal and can lead to severe legal consequences. It is important to use a Prête-Nom only for legitimate purposes and within the boundaries of the law.
The legal protections available for a Prête-Nom may vary depending on the jurisdiction and the specific circumstances. It is advisable to consult with a legal professional to understand the rights and protections afforded to a Prête-Nom in a particular legal system.
While the term Prête-Nom is commonly used in French-speaking countries, similar legal concepts may exist in other jurisdictions. However, the specific legal requirements and implications may differ. It is recommended to seek legal advice specific to the country in question.
This site contains general legal information but does not constitute professional legal advice for your particular situation. Persuing this glossary does not create an attorney-client or legal adviser relationship. If you have specific questions, please consult a qualified attorney licensed in your jurisdiction.
This glossary post was last updated: 17th April 2024.
To help you cite our definitions in your bibliography, here is the proper citation layout for the three major formatting styles, with all of the relevant information filled in.
- Page URL:https://dlssolicitors.com/define/prete-nom/
- Modern Language Association (MLA):Prête-Nom. dlssolicitors.com. DLS Solicitors. May 09 2024 https://dlssolicitors.com/define/prete-nom/.
- Chicago Manual of Style (CMS):Prête-Nom. dlssolicitors.com. DLS Solicitors. https://dlssolicitors.com/define/prete-nom/ (accessed: May 09 2024).
- American Psychological Association (APA):Prête-Nom. dlssolicitors.com. Retrieved May 09 2024, from dlssolicitors.com website: https://dlssolicitors.com/define/prete-nom/
Our team of professionals are based in Alderley Edge, Cheshire. We offer clear, specialist legal advice in all matters relating to Family Law, Wills, Trusts, Probate, Lasting Power of Attorney and Court of Protection.
All author posts