What is a dummy corporation?

Caroyln Ebach: walmart

Leann Villalta: A dummy corporation or dummy company is a entity created to serve as a front or cover for one or more legitimate companies. It can have the appearance of being real (logo, website, public relations) but lacks the capacity to function independently. The goal of dummy corporation can be to conceal true ownership and/or purpose for tax or other purposes.

Joie Libutti: If I still remember correctly, dummy corporation is nothing but a front to do something different, usually illegally to cover up the authority behind. It's a company you register just as a front with no real business conduct where you might want to allocate all the losses, risks and debts of another real company to this dummy company and then roll up this dummy company, along with it's losses, risks and debts.AIG in the past set up dummy companies in foreign countries as reinsurers to take up AIG's losses....Show more

Wally Perrien: It is a made up compan! y which corporations use to siphon money away from a potentially failing company. They use that "dummy" as a way to donate large sums of money and hide it away from the feds and stockholders, so if the company does fail, the rich stay rich. Think of ENRON

Chris Wilczewski: Not a real company just where monies can be held. for investing or selling for whatever you need it to be.

Davida Gisriel: This Site Might Help You.RE:What is a dummy corporation?What is everything on dummy corporations

Woodrow Neyman: ONE THAT DOES NOT EXIST..THUS ONE THAT CANNOT BE HELD LIABLE.ALSO ILLEGAL...