shell entity Synonyms

No Synonyms and anytonyms found

shell entity Meaning

Wordnet

shell entity (n)

a company that is incorporated but has no assets or operations

shell entity Sentence Examples

  1. The shell entity lacked any substantial assets or operations, serving as a mere legal construct.
  2. Investigators uncovered a network of shell entities used to launder illicit funds.
  3. The company employed shell entities to avoid taxes and obscure its ownership structure.
  4. The purchase was structured through a series of shell entities to conceal the true buyer's identity.
  5. The shell entity served as a holding company for the real estate assets, shielding them from creditors.
  6. The merger allowed the acquiring company to absorb the shell entity's liabilities without affecting its operations.
  7. The court ruled that the shell entity was not liable for the debts of its parent company.
  8. The regulator had concerns about the proliferation of shell entities being used for fraudulent purposes.
  9. The shell entity's purpose was to facilitate tax evasion by reducing the apparent profits of the underlying business.
  10. 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.