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No, that statement is a subjective assessment. Any company, including shell companies, will have business activity on paper. In other words, there are invoices
by aelhaji 2y ago
No, that statement is a subjective assessment.
Any company, including shell companies, will have business activity on paper. In other words, there are invoices, financing or a combination.
This is why it’s difficult to define shell companies. A more realistic proxy is to look at the ratio of employed people by the particular entity to revenue or some other financial metric.
Most shell companies don’t have many employees while the financial figures might be huge. Again, this might be a bona fide structure as part of an international holding but at least you have an objective filter as a starting point.
- boringg 2y agoHasn't there been a lot of talk about AI enabling the 1 person billion dollar company recently?
- lIIllIIllIIllII 2y agoThis isn't my area but I feel like they might be kind of easy to define. They're wrappers around their inner companies. I'm sure nothing has been done because pretty much every corpo lobbyist represents a company that uses them.
- adgjlsfhk1 2y agothe problem here is that most companies are wrappers around inner companies.