Loan out corporations are common ways for entertainers to protect wealth and mitigate taxes. However, relatively few of them are using them as effectively as they could.
With a loan out corporation, the celebrity is an employee of the firm. The loan out corporation contracts with other firms such as production companies. His or her services are then lent to the production company.
Russ Alan Prince is a strategist for family offices and many of the wealthiest families in the world. He helps them define and refine the desired outcomes they want. Russ also provides direction in selecting and structuring ultra-wealthy families’ relationships with private wealth industry professionals so they get superior results.