shell corporation
- 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
- The company established a shell corporation in order to diversify its investments without affecting its primary business operations.
- Regulatory bodies are investigating the use of shell corporations for potential tax evasion.
- By utilizing a shell corporation, the firm was able to execute a deal without revealing its identity.
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