Employee-Owner

  • 1 Posts
  • 1 Sections
  • 1 Types
August 25, 2024 4 min read Definitions
Personal Service Corporation: Definition and Tax Implications
Finance Taxes Business Personal Service Corporation PSC Corporate Tax Business Entity Employee-Owner
A Personal Service Corporation (PSC) is a business entity where the primary activity involves personal services substantially performed by employee-owners. PSCs face distinct tax treatments, including being taxed at the highest corporate rate.
Read more about Personal Service Corporation: Definition and Tax Implications.

Finance Dictionary Pro

Our mission is to empower you with the tools and knowledge you need to make informed decisions, understand intricate financial concepts, and stay ahead in an ever-evolving market.