What is another word for shell corporation?
Pronunciation: [ʃˈɛl kˌɔːpəɹˈe͡ɪʃən] (IPA) 
A shell corporation is typically an entity that has no active business operations or significant assets and is used mainly for legal and financial purposes like tax evasion, money laundering, or concealing true ownership. Some common synonyms for the term "shell corporation" include "cloaked company," "dummy corporation," "paper corporation," "non-operating entity," or "entity without substance." These synonyms generally relate to the fact that such corporations are often created solely for the purpose of masking or hiding beneficial ownership, avoiding taxes, or circumventing legal regulations. Although shell corporations are not necessarily fraudulent by default, they have been commonly abused by corrupt individuals or organizations to carry out illegal activities.
