shell entity (Meaning)
Wordnet
shell entity (n)
a company that is incorporated but has no assets or operations
Synonyms & Antonyms of shell entity
No Synonyms and anytonyms found
shell entity Sentence Examples
- The shell entity lacked any substantial assets or operations, serving as a mere legal construct.
- Investigators uncovered a network of shell entities used to launder illicit funds.
- The company employed shell entities to avoid taxes and obscure its ownership structure.
- The purchase was structured through a series of shell entities to conceal the true buyer's identity.
- The shell entity served as a holding company for the real estate assets, shielding them from creditors.
- The merger allowed the acquiring company to absorb the shell entity's liabilities without affecting its operations.
- The court ruled that the shell entity was not liable for the debts of its parent company.
- The regulator had concerns about the proliferation of shell entities being used for fraudulent purposes.
- The shell entity's purpose was to facilitate tax evasion by reducing the apparent profits of the underlying business.
- The offshore jurisdiction was known for its lax regulations, making it a haven for shell entities.
FAQs About the word shell entity
a company that is incorporated but has no assets or operations
No synonyms found.
No antonyms found.
The shell entity lacked any substantial assets or operations, serving as a mere legal construct.
Investigators uncovered a network of shell entities used to launder illicit funds.
The company employed shell entities to avoid taxes and obscure its ownership structure.
The purchase was structured through a series of shell entities to conceal the true buyer's identity.
