Shell Companies
/ˈʃɛl ˈkʌmpəniz/
Definitions
- (n.) A company without active business operations or significant assets, often used to conceal ownership, facilitate mergers, or hold assets anonymously.
The investigation revealed that the property was owned through a shell company to hide the true owner.
Forms
- shell companies
- shell company
Related terms
See also
Commentary
Shell companies frequently arise in contexts involving regulatory scrutiny, making precise definitions important for compliance and due diligence procedures.
This glossary is for general informational and educational purposes only. Definitions are jurisdiction-agnostic but reflect terminology and concepts primarily drawn from English and American legal traditions. Nothing herein constitutes legal advice or creates a lawyer-client relationship. Users should consult qualified counsel for advice on specific matters or jurisdictions.