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What are Shell Companies? How they work and Are they Illegal? [Video]

What are Shell Companies? How they work and Are they Illegal?

In this video, we explain to you all about the highly controversial shell corporations. We discuss what they are, how they are created, their pros and cons, and much more.

So make sure you watch the video till the end.

What is a Shell Corporation?
Shell corporations include those companies that exist only in paper and are without any employees, active operations, or assets.

Why are Shell Companies created?
– To facilitate illegal activities like:
– Money laundering
– Tax evasions
– Identity concealment

Are shell corporations created only to carry out illegal activities?
– No, many shell corporations are created with a motive to carry out legal activities like:
– Protecting companies assets from lawsuits
– Gaining access to foreign markets
– Hiding dealings with companies that have a bad reputation

For more info, refer to our article at: https://www.wallstreetmojo.com/shell-corporation/

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