SHELLCORPORATION
Shell corporation
A shell corporation is a company which serves as a vehicle for business transactions without itself having any significant assets or operations. Some shell companies may have had operations, but those may have shrunk due to unfavorable market conditions or company mismanagement. Shell corporations are not in themselves illegal, and they do have legitimate business purposes. However, they are a main component of the underground economy, especially those based in tax havens. They may also be known as international business company, personal investment companies, front companies, or "mailbox" companies.The above text is a snippet from Wikipedia: Shell corporation
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