MLchartDataset catalogue

Shell company

Term · Law · MLC-T-LAW-004525

A corporation or other legal entity that exists on paper but has no active business operations, substantial assets, or employees. These entities are often created for specific financial maneuvers, such as holding assets, facilitating mergers, or serving as a vehicle for tax planning. Their lack of operational substance can make them attractive for illicit activities like money laundering.

Table 1. Record
IdentifierMLC-T-LAW-004525
FieldLaw
Record as JSON 
{
  "id": "MLC-T-LAW-004525",
  "term": "Shell company",
  "field": "Law",
  "definition": "A corporation or other legal entity that exists on paper but has no active business operations, substantial assets, or employees. These entities are often created for specific financial maneuvers, such as holding assets, facilitating mergers, or serving as a vehicle for tax planning. Their lack of operational substance can make them attractive for illicit activities like money laundering.",
  "url": "https://mlchart.com/terminology/law/shell-company/"
}

Record 4,608 of 5,441 in Law terminology (MLC-0107). Request the full dataset.