Tag Archive for Corporation Sole

Don’t Lose Your Soul With A Corporation Sole

A corporation sole is a legitimate legal entity tracing its roots back many centuries in Europe. Its origin is ecclesiastical, or church-related. Even today, most corporations sole are church-related. For example, the Office of the Archbishop of Canterbury in Great Britain is organized as a corporation sole. The Archbishop, not the individual holding the office, is the officer of the corporation. The Roman Catholic Church makes extensive use of the corporation sole.

The property of the church or religious organization is titled to the office, not the individual and avoids the religious property being treated as part of the estate of the vicar of the church. This insures the continuation of ownership of the property dedicated to the benefit of a religious organization. Generally, the creditors of a Corporation Sole may not look to the Read more

Meet Tax Experts At TaxConnections...