Personal Service Corporation
GPTKB entity
Statements (29)
| Predicate | Object |
|---|---|
| gptkbp:instanceOf |
gptkb:company
gptkb:public_company |
| gptkbp:canBe |
closely held
publicly held |
| gptkbp:characteristic |
employee-owners perform services
substantially all activities involve personal services |
| gptkbp:definedIn |
United States tax law
|
| gptkbp:distinctFrom |
gptkb:organization
gptkb:S_corporation sole proprietorship C corporation |
| gptkbp:example |
law firms
accounting firms consulting firms engineering firms healthcare practices |
| https://www.w3.org/2000/01/rdf-schema#label |
Personal Service Corporation
|
| gptkbp:mayBeFormedBy |
professionals
|
| gptkbp:mustMeet |
ownership and activity tests
|
| gptkbp:purpose |
providing professional services
|
| gptkbp:regulates |
gptkb:Internal_Revenue_Service
|
| gptkbp:relatedTo |
gptkb:United_States
|
| gptkbp:requires |
substantially all stock owned by employees performing services
more than 10% of stock owned by employee-owners |
| gptkbp:subject |
flat corporate tax rate
special tax rules |
| gptkbp:taxedUnder |
gptkb:Internal_Revenue_Code_Section_441(i)
|
| gptkbp:bfsParent |
gptkb:PSC
|
| gptkbp:bfsLayer |
6
|