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18 vote

A company that exists only on paper and has no office and no employees, it may have a bank account. These type of companies are known as?

Asked on by | Votes 18 | Views: 2156 | Tags: banking financial awareness     | financial awareness     | Add Bounty

A company that exists only on paper and has no office and no employees, it may have a bank account. These type of companies are known as?
1). Shell companies
2). Dear companies
3). Void companies
4). Null Assets


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1 answers

24 vote
Answered by on | Votes 24 |
  • A company that exists only on paper and has no office and no employees, it may have a bank account, these type of companies are known as shell companies.
  • They neither manufacture anything nor render any service.
  • They are generally used to make financial transactions and could be used in money laundering, tax evasion, and other illegal activities.

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