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Originally Posted by LisaContractorUmbrella
1. To open their own personal limited company (refered to by some as a PSC or personal service company). You must have complete control of the running of your company and the company bank account. You may draw dividends from that company provided that your contract falls outside of IR35.
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Whist your post is correct, I think you need to be careful with terminology.
There is no such legal entity as a "personal" Ltd Company - it's just a Limited Company - it may only have one employee at the moment, but the term personal attempts to distinguish it from other companies which are treated exactly the same as it.