A company that has legal status but provides no service or products and has few, if any, assets. Shell companies may be set up for illegal purposes, such as tax evasion, or formed in anticipation of attracting funding. A shell corporation may also come into existence when a company has failed and operations have ceased, but the “shell” of the company remains.
shell corporation - Investment & Finance Definition
Webster's New World Finance and Investment Dictionary Copyright © 2010 by Wiley Publishing, Inc., Indianapolis, Indiana.
Used by arrangement with John Wiley & Sons, Inc.
Used by arrangement with John Wiley & Sons, Inc.
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"shell corporation." YourDictionary, n.d. Web. 08 December 2018. <https://www.yourdictionary.com/shell-corporation>.
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shell corporation. (n.d.). Retrieved December 08th, 2018, from https://www.yourdictionary.com/shell-corporation
