Shell-corporation definition

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.
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Other Word Forms

Noun

Singular:
shell-corporation
Plural:
shell corporations