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Jake,the sole shareholder of Peach Corporation,a C corporation,has the corporation pay him $100,000.For tax purposes,Jake would prefer to have the payment treated as dividend instead of salary.
Loan Broker
An intermediary who assesses a borrower's needs and matches them with potential lenders, facilitating the process of obtaining a loan.
Auto Dealer
A business that sells new or used automobiles at the retail level, typically based on a dealership contract with an automaker or sales subsidiary.
Obligor
An obligor, in a financial context, refers to the party who is legally bound, or obligated, to make a payment or fulfill a contract term to another party, the obligee.
Assignee
The person to whom contract rights are assigned.
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