Definition
A shell entity is a company that exists on paper but has no real business activity or significant assets 👻. It's often used to hide financial transactions or ownership. Think of it as a fake storefront used for secret deals. Shell entities can be legal, but they are often associated with money laundering, tax evasion, and other illicit activities. They make it difficult to trace the flow of money. They are like a digital ghost, hard to find and even harder to pin down.