shell companies
Shell companies are business entities that are created with the primary intention of hiding or protecting the true ownership of assets, avoiding taxes, or engaging in illegal activities. These companies have little to no physical presence or substantial operations and are often used as a front to mask the activities of the actual business or individuals behind them.
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Related Concepts (25)
- anonymous shell companies
- asset hiding
- asset protection
- bogus directors/shareholders
- complex corporate structures
- conduit companies
- corporate secrecy
- corporate tax dodging
- fraudulent activities
- hidden ownership
- illicit financial flows
- illicit transactions
- money laundering
- non-disclosure jurisdictions
- offshore banking
- offshore tax havens
- phantom firms
- real estate transactions
- shell company formation
- shell corporations
- tax evasion
- tax evasion crack down
- tax evasion schemes
- tax havens
- transparency issues
Similar Concepts
- corporate espionage
- corporate whistleblowers
- emergency funding for troubled companies
- limited liability company (llc) tax shelters
- multi-divisional corporations
- multinational corporations
- offshore tax shelters
- schools and shoals
- shared services
- spin-off companies
- staff organization
- startup companies
- startups
- tax shelters
- whistleblowing in technology companies