Glossary term

Shell Company

This term has 3 definitions.

1. Structure with no continuous operations, sometimes to conceal ownership/control.

2. An inactivity business entity has been previously utilized to conceal ownership or move money illegally.

3. A shell company is a business entity that exists only on paper without active operations or significant assets. It is often used to conceal ownership, hide illicit funds, or facilitate financial crimes such as money laundering and tax evasion. Shell companies can be legal but are frequently scrutinized for potential misuse.

All terms beginning with S