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- DictionaryShell com·pa·ny/ˈSHel ˌkəmp(ə)nē/
noun
- 1. an inactive company used as a vehicle for various financial maneuvers or kept dormant for future use in some other capacity.
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- Shell corporation
Company with few, if any, actual assets or operations
A shell corporation is a company or corporation with no significant assets or operations often formed to obtain financing before beginning business. Shell companies were primarily vehicles for lawfully hiding the identity of their beneficial owners, and this is still the defining feature of shell companies due to the loopholes in the global corporate transparency initiatives. It may hold passive i... Wikipedia
