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What is a personal service company?

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 or PSC. But what does this mean and how is it different to a limited company?

In short they mean the same thing.  A PSC is an unofficial term whereas Limited company is the term that is formally recognised by HMRC and Companies House. This video explains what a PSC is and how you could benefit from working in this way.

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