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KembaraXtra – Legal Terms – Personal Company
A personal company refers to a company closely associated with an individual who provides services through it.
The concept commonly arises in taxation and employment regulation.
Such companies may fall within rules governing managed service companies or personal service companies.
The law seeks to prevent avoidance of tax and employment obligations through corporate structures.
Special tax provisions may apply where the company effectively operates as an extension of an individual worker.
A personal company refers to a company closely associated with an individual who provides services through it.
The concept commonly arises in taxation and employment regulation.
Such companies may fall within rules governing managed service companies or personal service companies.
The law seeks to prevent avoidance of tax and employment obligations through corporate structures.
Special tax provisions may apply where the company effectively operates as an extension of an individual worker.
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