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  2. Loan-out corporation - Wikipedia

    en.wikipedia.org/wiki/Loan-out_corporation

    An effective use of the corporation status over that of an individual employment contract, may minimise the corporation's taxable income to near zero, even in the case of a C corporation. The key benefits of creating a loan-out corporation business entity are expense deductions, asset protection and tax deferral.

  3. Loan agreement - Wikipedia

    en.wikipedia.org/wiki/Loan_agreement

    Loan agreements offered by regulated banks are different from those that are offered by finance companies in that banks receive a "banking charter" granted as a privilege and involving the "public trust". Loan agreements are usually in written form, but there is no legal reason why a loan agreement cannot be a purely oral contract (although ...

  4. Security agreement - Wikipedia

    en.wikipedia.org/wiki/Security_agreement

    If the security agreement is for a purchase money security interest in consumer goods, perfection is automatic. Otherwise, the lender must record either the agreement itself, or a UCC-1 financing statement , in an appropriate public venue (usually the state secretary of state or a state business commission under that person's authority).

  5. 18% of those who co-signed a loan for a loved one reported losing money. Meanwhile, 20% reported damages to their credit score. ... been asked to co-sign on someone’s loan, you should consider ...

  6. Creditor - Wikipedia

    en.wikipedia.org/wiki/Creditor

    A creditor or lender is a party (e.g., person, organization, company, or government) that has a claim on the services of a second party. It is a person or institution to whom money is owed. [ 1 ] The first party, in general, has provided some property or service to the second party under the assumption (usually enforced by contract ) that the ...

  7. How to get friends and family to pay you back for a personal loan

    www.aol.com/finance/friends-family-pay-back...

    When you loan money to friends or family members in good faith, ensuring repayment can be difficult. Not only does it allow for financial strain, but it can also impact your relationships.

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