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*** PERPETUAL SUCCESSION *** *** PRIVACY *** *** TAX-EXEMPTION *** (in some countries) |
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We explain to you the history of the CORPORATION SOLE
and how it is used today
The original Corporation Sole was devised to operate under divine, spiritual or canon law.Since then, temporal versions of the Corporation Sole have been set up: these are those established by Acts of state, regional or provincial governments; in general, contrary to the constitutional laws of the country in which they operate, for the benefit of politicians and other non-ecclesiastical bodies.
When COMMON LAW is eventually re-introduced (and this could happen very suddenly) in North America, Europe and much of the rest of the world, it would appear appropriate to choose a COMMON LAW Corporation Sole: here is the only known source of such an instrument on the Internet!
The benefits to the clergy or others who operate as a Corporation Sole under canon law is principally that its operations are carried out with basic CONFIDENTIALITY. The Charter is not a public document as such. The bank may have a copy of it, if a bank account has to be opened, but no other person is privy to its contents unless it is displayed. Its establishment is publicized three times in the media: this is the only public announcement.
This why we insist that the spirit of the Corporation Sole be adhered to in the name itself, which should be the equivalent of an OFFICE, and not a person's name. All reference then to this Corporation Sole becomes merely (as an example):
"The Vicar of Wakefield, A Corporation Sole" and NOT the actual name of the current Vicar of Wakefield, whoever he or she should be.Those who REGISTER their Corporation Sole with the state, regional or provincial authority, lose such confidentiality as it becomes a matter of permanent, public record.
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© Dr Milson Macleod Jan 2000