What's the difference between a personal service company and a limited company?
If you've been looking into the options available to you as a contractor, it's likely that you will have heard the term personal service company. But what does this mean? And how is it different to a limited company?
In short they mean the same thing. Personal Service Company is an unofficial term whereas Limited company is the term that is formally recognised by HMRC and Companies House.
This video explains what a personal service company is and how you could benefit from working in this way.
