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shell company

noun (commerce)
a near-defunct company, esp one with a stock-exchange listing, used as a vehicle for a thriving company
a company that has ceased to trade but retains its registration and is sold for a small sum to enable its new owners to avoid the cost and trouble of registering a new company
Collins English Dictionary - Complete & Unabridged 2012 Digital Edition
© William Collins Sons & Co. Ltd. 1979, 1986 © HarperCollins
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  • The oil was necessary for the Navy, and the criticisms came from representatives of the shell company.

Contemporary definitions for shell company

an inactive corporation without assets that is used as a legal and financial entity through which another corporation can conduct certain matters's 21st Century Lexicon
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