What is a Shell Corporation? - Posted by Adrienne

Posted by BankRobber on April 07, 1999 at 22:30:06:

in general; A corporation owned and controlled by one individual, the primary purpose of which is to hide the ownership of something such as Real Estate. Often the intent is to keep the assets away from someones’s Creditors. I will now use 'shell corporation" in a sentence to help you remember: “I enjoy identifying and suing deadbeats and lowlifes that use shell corporations to hide assets.”

What is a Shell Corporation? - Posted by Adrienne

Posted by Adrienne on April 07, 1999 at 08:34:10:

Please explain the shell corporation concept.

Thanks in advance

Adrienne