A loan-out company is a legal business entity established for the purpose of providing the personal services of its owner/employee to third parties. Loan-out companies can take many different forms such as LLC, an S-Corporation or a C-Corporation.
He just got divorced too. My guess is he started a company to supply concubines to himself. And gets a big assed writeoff.
15 posted on 08/19/2019 2:09:46 PM PDT by ImJustAnotherOkie
(All I know is The I read in the papers.)