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HandWiki. Loan-Out Corporation. Encyclopedia. Available online: https://encyclopedia.pub/entry/33934 (accessed on 24 September 2026).
HandWiki. Loan-Out Corporation. Encyclopedia. Available at: https://encyclopedia.pub/entry/33934. Accessed September 24, 2026.
HandWiki. "Loan-Out Corporation" Encyclopedia, https://encyclopedia.pub/entry/33934 (accessed September 24, 2026).
HandWiki. (2022, November 10). Loan-Out Corporation. In Encyclopedia. https://encyclopedia.pub/entry/33934
HandWiki. "Loan-Out Corporation." Encyclopedia. Web. 10 November, 2022.
Loan-Out Corporation
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The content is sourced from: https://handwiki.org/wiki/Company:Loan-Out_Corporation

A Loan-Out corporation, also known as a Loan-Out Company, or Personal service corporation, is a form of United States business entity in which the creator is an 'employee' whose services are loaned out by the corporate body. The creator of the corporation are typically the sole shareholder, and thus the corporation is used as a means to reduce their personal liability, protect their assets and exploit taxation advantages. Loan-Out corporations are especially prominent in the entertainment and professional sports industries, as the creator's services are typically performed on individual contract bases, and receive large, irregular sums of income throughout the year. The corporate body is engaged by external third parties to fulfil services, rather than the individual directly. Consequently, it is the creator's Loan-Out Corporation that is referred to and liable in contracts to perform the services required.

loan-out professional sports fulfil

References

  1. Nitikman, J. A. (2001). Intertax (Vol. 29). Alphen aan den Rijn, ZH: Kluwer Law Online.
  2. Riley, P. (2018). The “Loan Out” Corporation. Retrieved from Arts Tax Info website: http://www.artstaxinfo.com/loan_out.shtml
  3. LaFrance, M. (1995). The Separate Tax Status of Loan-Out Corporations. Scholarly Commons @ UNLV Law, 426, 880-944.
  4. Baker, W. H. (1999). Taxation and Professional Sports – A Look Inside the Huddle. Marquette Sports Law Review, 9(2), 287-306.
  5. Moll, J. (2019). What is a Loan-Out Corporation. Retrieved from Jason Moll CPA website: https://jasonmollcpa.com/what-is-a-loan-out-corporation/
  6. Cenkus, B. (2018). Does Forming an LLC or Corporation Fully Protect You From Liability? Retrieved from Cenkus Law website: https://cenkuslaw.com/llc-corporation-liability-protection/
  7. Freedman,A. (2018). Benefits of Establishing a Loan-Out Company for a Music Artist. Retrieved from Medium website: https://medium.com/@adamcolefreedman/benefits-of-establishing-a-loan-out-company-for-a-music-artist-e1b544a961cb
  8. Kanis, B. M. (1995). Utility of Personal Service Corporations for Athletes. Pepperdine Law Review, 22(2), 630-667.
  9. Moore, S. M. (2008). Taxation of the entertainment industry. New York, NY: Wolters Kluwer Publishing.
  10. Legal Information Institute. (n.d.). 26 U.S. Code § 269A. Personal service corporations formed or availed of to avoid or evade income tax. Retrieved from https://www.law.cornell.edu/uscode/text/26/269A
  11. I.R.C § 269(a).
  12. Short, G. (1981). The Loan-out Corporation in Tax Planning for Entertainers. Law and Contemporary Problems, 44(4), 51-78. doi:10.2307/1191224
  13. Lovitz, M. (2017). Loan-Out Companies: Unintended Consequences for Creators? Delaware Lawyer, 35(3), 16-19. http://www.delawarebarfoundation.org/wp-content/uploads/2017/12/DeLawFall2017-.pdf
  14. Basin, K., & Moss, A. J. (2012). Copyright Termination and Loan-Out Corporations: Reconciling Practice and Policy. Harvard Law School: Journals of Sports & Entertainment Law, 3(1), 56-102.
  15. Salmas, J. (1997). Professional Athletes Taxed to Death Even They Can Strike Out. Sports Lawyers Journal, 4, 255-278.
  16. Dobray, D.; Kreatschman, T. (1988). Taxation issues facing the foreign athlete or entertainer. New York Law School Journal of International and Comparative Law, 9(Issues & 3), 265-292
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