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can enforce payment; (d) the source of the payments; (e) whether
the party providing the funds is given an increased participation
in management; (f) the intent of the parties; (g) whether the
corporation is adequately capitalized; (h) whether interest is
paid; (i) whether the corporation can obtain loans from outside
lenders; (j) the extent to which the corporation uses the advance
to acquire capital assets; (k) whether shareholders provide funds
in proportion to their stock interests; (l) whether the business
repaid the amount advanced when due; and (m) whether
the business’ obligation to repay the advance is subordinated to
other creditors. Selfe v. United States, 778 F.2d 769, 773-774
n.9 (11th Cir. 1985); American Offshore, Inc. v. Commissioner, 97
T.C. 579, 602-606 (1991); Dixie Dairies Corp. v. Commissioner, 74
T.C. 476, 493 (1980); Georgia-Pacific Corp. v. Commissioner, 63
T.C. 790, 796-800 (1975). No single factor controls. John
Kelley Co. v. Commissioner, 326 U.S. 521, 530 (1946); Plantation
Patterns, Inc. v. Commissioner, 462 F.2d 712, 719 (5th Cir.
1972), affg. T.C. Memo. 1970-182; Georgia-Pacific Corp. v.
Commissioner, supra; Blum v. Commissioner, 59 T.C. 436, 440
(1972); see also American-LaFrance-Foamite Corp. v. Commissioner,
T.C. Memo. 1959-101, affd. 284 F.2d 723 (2d Cir. 1960).
2. Factors Favoring Petitioner
a. Name Given to the Certificate Evidencing the
Indebtedness
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