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A personal service corporation is a company which, as the name suggests, provides personal services. These services span a wide variety of endeavors in many fields, and are specified for tax purposes in the United States by the Internal Revenue Service (IRS). This type of corporation has some tax advantages, such as various tax-free fringe ...
v. t. e. A loan-out corporation, also known as a loan-out company, or personal service corporation, is a form of US business entity in which the creator is an 'employee' whose services are loaned out by the corporate body. The creator of the corporation is typically the sole shareholder, [1] and thus the corporation is used as a means to reduce ...
Personal service is service of process directly to a party named on the summons, complaint, or petition. In most lawsuits in the United States, personal service is required to prove service. [citation needed] Most states allow substituted service in almost all lawsuits unless a corporation, LLC, LLP, or other business entity is being served; in ...
Conglomerates – A financial services company, such as a universal bank, that is active in more than one sector of the financial services market e.g. life insurance, general insurance, health insurance, asset management, retail banking, wholesale banking, investment banking, etc. A key rationale for the existence of such businesses is the ...
Personal jurisdiction is a court's jurisdiction over the parties, as determined by the facts in evidence, which bind the parties to a lawsuit, as opposed to subject-matter jurisdiction, which is jurisdiction over the law involved in the suit. Without personal jurisdiction over a party, a court's rulings or decrees cannot be enforced upon that ...
Software as a service. Software as a service ( SaaS / sæs / [1]) is a form of cloud computing in which the provider offers the use of application software to a client and manages all the physical and software resources used by the application. [2] The distinguishing feature of SaaS compared to other software delivery models is that it ...
Personal service may refer to: Personal service sector of the economy, which delivers services rather than goods. Service of process, delivery of court documents to a person. Personal Services, 1987 comedy film set in a brothel. Taxation. Personal service corporation in United States tax law. IR35, United Kingdom tax law for individuals paid ...
A personal communications service ( PCS) is set of communications capabilities that provide a combination of terminal mobility, personal mobility, and service profile management. [1] This class of services comprises several types of wireless voice or wireless data communications systems, typically incorporating digital technology, providing ...