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WordNet-Online
Definitions from WordNet
Noun shell corporation has 1 sense
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Definitions from the WebShell CorporationDefinition:A shell corporation is a business entity that is created but has no significant assets or operations. Its main purpose is to act as a vehicle for various financial transactions such as tax evasion, money laundering, or hiding ownership. Sample sentences:1. The shell corporation was used to funnel illicit funds through multiple offshore accounts. 2. Investigative reporters discovered that the politician had set up a shell corporation to receive bribes. 3. The company created a shell corporation in a tax haven country to reduce their overall tax liability. Possible related products on Amazon: | ||||
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