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A fictitious corporation created by an individual or individuals for the purpose of protecting personal assets. Whereas there is no physical company nor any product of this company to be located. One such use of such a company is the purchase of a home by an individual whose purchase of said home could be called into question, by using the company as the purchaser, the individual maintains a certain distance from the sale at hand and protects theor own assets should a dispute of ownership arise.
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∙ 12y ago
Tara Michelle
A company thats made up by the original owner. But the company don't exist
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