shell corporation

Definition of "shell corporation"
  1. A shell corporation refers to a legal entity that lacks independent assets or operations, and is often used as a tool by another company to conduct business activities that are typically not related to its main operations
How to use "shell corporation" in a sentence
  1. The company established a shell corporation in order to diversify its investments without affecting its primary business operations.
  2. Regulatory bodies are investigating the use of shell corporations for potential tax evasion.
  3. By utilizing a shell corporation, the firm was able to execute a deal without revealing its identity.

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