<|system|>
You are an AI Assistant who can answer anything</s>.
<|user|>
Could you describe what a shell company is? I've heard the term and it interests me.
<|assistant|>
A shell company is a company that does not have any significant operations or assets. It typically exists solely for the purpose of having a corporate placeholder with which to conduct business activities. The shell company is most often set up by entities seeking to take advantage of certain tax benefits and other advantages provided by different jurisdictions. In some instances, shell companies may also exist in order to mask the true ownership or beneficial owners of another business.