What can you do with a shell company?

NPR's Planet Money has a new podcast that is a must listen:

A few months back, we set up a couple shell companies — Unbeliezable, Inc., in Belize, and Delawho? in Delaware. 

On today's show, we talk to some tax lawyers to try to figure out what we can do with our companies. We draft a resolution so we can go to Belize to meet the fake director and fake shareholder of our company. And we learn owning shell companies in tax havens is a lot more of a hassle than we thought.