Shell Companies

Companies are entities as permitted by law. As such, they are legal persons with the same abilities to have bank accounts, report tax, and continue interactions as human beings. A company is also known interchangeably as a corporation and may include the words limited or incorporated in its name. The corresponding abbreviations in the English language are Co., Corp., Ltd., and Inc. Corporations exist for various purposes of which a common purpose is a business corporation.

A business company may be differentiated by function into an operating company and a holding company. An operating company usually is the legal person who employs people, has a bank account, and deals with suppliers and customers. A holding company, as the name suggests, holds assets—money or property or both ...