<P> 3 . Its employee - owners own more than 10% of the fair market value of its outstanding stock on the last day of the testing period . </P> <P> Personal services include any activity performed in the fields of accounting, actuarial science, architecture, consulting, engineering, health (including veterinary services), law, and the performing arts . </P> <P> A person is an employee - owner of a personal service corporation if both of the following apply: </P> <P> 1 . They are an employee of the corporation or perform personal services for, or on behalf of, the corporation (even if they are an independent contractor for other purposes) on any day of the testing period </P>

Which of the following is not true of personal service corporations (pscs)