What is a Corporation Sole?
A Corporation Sole is an incorporated office of a church or spiritual organization, established to manage itsí assets, finances, and operations. It is a Corporation Sole because the office is filled by one person Ė the head of the church or spiritual organization.
The IRS specifically recognizes the Corporation Sole as a legitimate form of organization for a church. And, when formed and operated correctly, a Corporation Sole can allow you to legally conduct your spiritual activities.
The Benefits of a Corporation Sole:
- Ease of Operation
- Enhanced Freedom
- Limited Paperwork
- Tax-deductible Donations
- Asset Protection
Is a Corporation Sole the right solution for your ministry? Contact us and letís talk about it.