A shell company is structure as a legally business on paper to be seen legitimate even though there is no workers or job sites were business is conducted.
A shell company usually holds banking accounts or assets like investments and tangible assets. Most of the time a shell company is used to hold funds for anonymous entity.
The only reason a person would want to start a shell company is for startup that are raising funds before operation are implemented.
Shell Company are sometimes used to avoid taxes or hid assets from it true owners from the public, which, is illegal to do in some cases. It can also be used for money laundry for illegal schemes.
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