Questions tagged [shell-companies]
5 questions
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How do you sue what is likely to be a shell company?
From this question on the Travel.SE, the OP is having trouble with an online travel agent that uses an LLC agent's address in Sheridan, Wyoming as its contact address. When searching online for this address, multiple links pop up suggesting that…
Peter M
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Can the subsidiary be a party to the contract signed by its parent here?
A contract is worded to state that it has been executed between Customer A and my Client B. The expression Customer A is further clarified: "which expression shall unless repugnant to the context or meaning thereof, include its successors,…
Mudit Singh
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What limitations can be placed on the activities of "shell" companies?
According to Wikipedia, one of the reasons for using a shell company is that "Shell companies can be used to transfer assets from one company into a new one, while leaving the liabilities in the former company." My understanding, from a response to…
Libra
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Who holds legal rights to manage a fund's money?
Scenario:
Bob, Larry, and Curly want to invest their money together. Bob will be the active investor and Larry and Curly will only contribute capital. They set up two companies: Company M (management company) and company P (pool of money…
wanderingmathematician
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How do the rights and responsibilities of a shell company differ from corporations organized in other ways?
For instance, does a shell company need to have a separate board of directors and bylaws, or can it be controlled through the governance of another company? Can such a company be managed by and answerable to only a single individual?
One of the…
Libra
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