what s the difference between a personal service corporation and an s corporation 
personal service corporations and s corporations differ in many ways including how they are taxed restrictions on the number and type of shareholders allowed liability protection and the nature of services provided the bottom linepersonal service corporations offer a unique corporate structure for professionals in fields like accounting and consulting they combine the benefits of a flat corporate tax rate with potential tax deductions and added limited liability protection however personal service corporations are not the right structure for every company they demand strict adherence to irs regulations and can be complex and costly to set up in addition not every business owner or company will benefit from the flat 21 corporate tax rate 