Shell corporation
COMPANY WITH FEW, IF ANY, ACTUAL ASSETS OR OPERATIONS
Shell company; Shell (company); Shell companies; Shell organization; Shell corporations; Artificial legal entity; Shell Company; Corporate shell; Shell (corporation); Empty shell (securities fraud); Empty shell (corporation); Corporate shells; Ghost company; Shell firm
A shell corporation is a company or corporation that exists only on paper and has no office and no employees, but may have a bank account or may hold passive investments or be the registered owner of assets, such as intellectual property, or ships. Shell companies may be registered to the address of a company that provides a service setting up shell companies, and which may act as the agent for receipt of legal correspondence (such as an accountant or lawyer).