shell corporation

shell corporation definition - business

shell corporation

A corporation that has no active business operations and few or no assets. Shell corporations are often formed to acquire the assets of an existing corporation. They are sometimes formed to avoid taxes or liability. See also blank-check company.

The American Heritage® Dictionary of Business Terms Copyright © 2009 by Houghton Mifflin Harcourt Publishing Company. Published by Houghton Mifflin Harcourt Publishing Company. All rights reserved.

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