WordNet
n. a company that is incorporated but has no assets or operations [syn: shell entity]
Wikipedia
A shell corporation is a company which serves as a vehicle for business transactions without itself having any significant assets or operations.
Usage examples of "shell corporation".
The shell corporation's third and last business jet was recalled from Europe, and with a change of flight crews, was ready three hours early.
The man who used that mansion in winter months, who it was believed controlled the shell corporation, was Caes-are Leonforte.
There's a shell corporation now set up in Bermuda with a new division in the Dutch Antilles that answers to a Swiss outfit headquartered in Luxembourg.
Unless it was a shell corporation, set up essentially to funnel capital from one source to another.
I believe he is using UniFy as a shell corporation for his own company.
Even that planet wasn't much more than a convenient place to dump an off-planet shell corporation, or register a ship at a minimum yearly cost.