Define: Source of Income
Source of Income means any party, activity, or entity legally obligated to provide monetary compensation to another.
Legal accuracy standard set & glossary spot-checked by Imad Mohammed Nazar , Skadden-trained M&A lawyer, Legal Engineer at GenieAI
Source of Income means any party, activity, or entity legally obligated to provide monetary compensation to another.
Relevant Circumstances
- Hiring an employee or independent contractor
- Establishing a franchise business
- Renting out property
Relevant Sectors
- Human Resources
- Real Estate
- Franchise Business