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has gloss | eng: A dummy corporation or dummy company is an entity created to serve as a front or cover for one or more companies. It can have the appearance of being real (logo, website, public relations) but lacks the capacity to function independently. The goal of a dummy corporation can be to conceal true ownership and/or avoid taxes. A dummy corporation is one way to cook the books in a dishonest attempt to hide the true financial status of a company. Another use is to prevent speculators from interfering with the holding organization's plans. |
lexicalization | eng: dummy corporation |
instance of | e/Corporations |
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