shell corporation

Shell Corporation

A corporation without active business operations or significant assets.

Notes:

Shell corporations are often formed before commencing operations to obtain financing. Sometimes, they may be used as a front in tax evasion.

See also: Corporation

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Shell corporation

An incorporated company with no significant assets or operations, often formed to obtain financing before beginning actual business, or as a front tax evasion.

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shell corporation

A corporation that has no active business operations and few or no assets.