“Often, the person establishes a so-called shell company, which lacks any real operations and exists mainly on paper. “In Wyoming, Nevada and DE, it’s possible to create these shell corporations with virtually no questions asked”, said Matthew Gardner, executive director of the Institute on Taxation and Economic Policy, a nonprofit research organization in Washington. More companies have been shut down than created in recent years, a trend seen as the result of gradually tightening worldwide regulation.”
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Mentioned Locations
Nevada, Washington, Wyoming