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Things Not to Use Your Shell Company For

July 2, 2013

USA Today recently published this article, SEC Raging War Against Empty Shell Companies, detailing the efforts of the SEC to get rid of publicly listed shell companies that are being used for pump-and-dump scams.  While there are certainly legitimate business uses for shell companies, this is not one of them.  People who abuse the corporate form are really just making it harder for law-abiding companies to conduct business.

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