Corporation sole

A corporation sole in English law is a legal entity consisting of a single person ("sole"). This allows the corporation to pass vertically from one holder of a position to the next, giving the position legal continuity.

Most corporations sole are church-related; for example the Archbishop of Canterbury is a corporation sole. In contrast to a corporation sole, a corporation aggregate consists of two or more persons, typically comprising a board of directors.

The corporation sole is inherently compatible with certain churches, and in particular the Roman Catholic Church, because of its top-down governance by bishops. A single bishop governs an entire geographic region of churches, known as a "diocese." Church property is titled to the bishop who serves in the office of the "corporation sole." It is largely because of the need in certain churches for a corporation which is governed by a single person that the corporation sole came into existence (http://hushmoney.org/corporate-sole_facts.htm).

While most corporation soles are used for legitimate and legal church purposes, there has been a widespread abuse in recent years of the formation of many new corporation soles which are being used for tax evasion purposes (http://hushmoney.org/corporate-sole_probs.htm). As a direct result, the IRS issued Revenue Ruling 2004-27 (http://geocities.com/corporatesole/RevenueRuling2004-27.html), warning of corporation sole abuse.

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