shell entity


Also found in: Thesaurus.
Related to shell entity: Shell Oil Company
ThesaurusAntonymsRelated WordsSynonymsLegend:
Noun1.shell entity - a company that is incorporated but has no assets or operations
corp, corporation - a business firm whose articles of incorporation have been approved in some state
References in periodicals archive ?
The movement's ideology holds that names on birth certificates are issued with capital letters because the capitalized version of a person's name references a corporate shell entity, not the actual human with that name.
According to the SEC complaint filed in federal district court in Manhattan, Caspersen, a New York City resident, solicited the investments by offering promissory notes issued by Irving Place III SPV LLC, a shell entity formed and controlled by Caspersen with no legitimate business operations, unlike the similarly named Irving Place Capital Partners III SPV, a legitimate private equity fund not associated with Caspersen.
In a statement, Affymetrix said that its board, in reviewing the proposal, noted that Origin appears to be a newly-formed shell entity with no assets ".
In a statement, Affymetrix said that its board, in reviewing the proposal, noted that Origin appears to be a newly-formed shell entity with no assets "a[euro][broken bar]of which Affymetrix is aware", and whose sole source of funding for the proposed transaction is USD 1.