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- A personal service corporation is a taxing entity set up under IRS regulations12. Its principal activity is to offer personal services delivered by its employee-owners23. Personal services may include any activity performed in the fields of accounting, engineering, architecture, consulting, actuarial science, law, performing arts and health, including veterinary services12.Learn more:✕This summary was generated using AI based on multiple online sources. To view the original source information, use the "Learn more" links.
A personal service corporation is a taxing entity set up under IRS regulations. The services provided by a personal service corporation may include any activity performed in the following fields: accounting, engineering, architecture, consulting, actuarial science, law, performing arts and health, including veterinary services.
www.investopedia.com/terms/p/personal-service-c…According to the IRS, a personal service corporation is an organization whose primary activity is to offer personal services delivered by its employee-owners. Personal services might include: Based on the definition above, law firms, physician practices, vet clinics, and dance studios all qualify to file for personal service corporation status.
www.upcounsel.com/what-is-a-personal-corporationThe term “ personal service corporation ” means a corporation the principal activity of which is the performance of personal services and such services are substantially performed by employee-owners.
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