Loan-Out
Type: noun
Pronunciation: /loan-out/
Also spelled or known as: Loan-Out Company
Plural: Loan-Out Companies
What does Loan-Out mean? A business entity that contracts an individual’s professional services to third parties.
Artists, producers, songwriters, and entertainers often use loan-out companies for tax planning, liability protection, and contract administration.
Loan-Out synonyms: Loan-Out Company, Personal Service Company
Example sentence: “The producer performed services through a loan-out company.”
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