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Introduction to the Modern Corporation Sole
This is the most
complete recorded informational package on that legal enigma, the
little known Corporation Sole, misunderstood by lawyers,
accountants and even judges.
A very ancient
tool, used initially by higher members of the Church, especially the
Pope, his Cardinals and Bishops, by members of the Royal family and
their representatives, and eventually by senior politicians in the
know, it is becoming better known, and more and more individuals are
making use of this highly advantageous corporation sole -
that unincorporated corporation, despite its purely ecclesiastical
origins.
This initial
restriction failed after secrecy no longer prevailed, and there does
not really seem to be any limit to its use. Today the Corporation
Sole is available world-wide for general use as an important
tool in the world of finance and as a shelter for assets, so long as
basic requirements are met.
As more people
become aware that, in many instances, monies taken as 'taxes' are
not used for their apparent or alleged purpose - i.e., the financing
of nationwide (federal) projects, or any other lawful government
program for the public good, or for the benefit of the citizens of
the country concerned, but are rather taken out of use completely,
so that the money supply (M2) is reduced, indignation causes them to
look for ways to counteract these abuses.
Today, therefore,
it is not just the Church which makes use of a corporation sole
so why should you not do so also?
The Corporation
Sole will therefore be seen as extremely advantageous to those
who desire non-interference in their financial affairs, or who have
a deep interest in personal sovereignty, common law, or the
acquisition of something which is non-traditional and unique in its
application. It is superior to off-shore banking.
The Corporation
Sole offers some unique advantages over all other forms of
constitution.
Continual
perpetual succession: the
position, property and powers of the Corporation Sole are
handed over to one's successor on death, or retirement, or for any
other reason, not to heirs or through executors, as it is
constituted as an office rather than a company or individual.
Protection of
property or assets: All
properties acquired by the Church were held in the name of a
Corporation Sole rather than a church or individual in order to
protect its assets.
In all
instances where registration is not required,
complete freedom from accounting
requirements. There are no financial returns to be made, no
financial records to be kept - other than those dictated by your
church or organization.
The Corporation
Sole does not have a board of directors, officers, stock,
by-laws, official minutes or a standard corporate name
("incorporated" or "limited").
As the
Corporation Sole is not taught in modern law school, unless a
lawyer, accountant or other advisor has had extensive experience of,
or is well versed in, ecclesiastical or canon law, or has previously
worked with ecclesiastical bodies using the Corporation Sole,
they will be unable to assist in its establishment or operation, and
worse still, may even provide misleading information in important
detail. This is why this service is now being provided to the
general public.
Court extract:
"the distinction between an aggregate and sole
corporation, growing out of the different modes of constitution and
forms of action, is striking and obvious. A bishop or parsons acting
in a corporate capacity and holding property to him and his
successor in right of office, has no need of a corporate name, he
performs all legal acts under his own seal, in his own name and name
of office; his own will alone regulates his acts, needs no
treasurer, for he has no personal property except the rents and
proceeds for the corporate estate, and these he takes to his own use
when received. By-laws are unnecessary, for he regulates his own
action, by his own will and judgment, like any other individual
acting in his own right. These examples are sufficient to clarify
the legal distinctions between the two classes of corporations."
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If the archdiocese of Boston (a Corporation Sole) follows through
on its rumored plan to file for Chapter 11 bankruptcy protection, some of the
toughest decisions and most decisive battles will likely be fought over some of
the most fundamental questions: Who or what entity is declaring bankruptcy and
what property does it own?
Notice: The information
in this site/document(s) is not legal or tax advice.
For legal advice, consult a lawyer.
The author(s) is not liable for any damage that is the result of use of this
material.
This information is intended to help people see and understand the how and why
of your need to have & operate a Corporation Sole.
Each one of us are personally responsible for our own actions.
You must do your own research and draw your own conclusions concerning any
action you may undertake in your life.
If you desire Freedom then Study and Understand the Law then apply the Law to
your life.
Please do not blindly imitate any tactics or letters described in these
articles, or case histories.
Please for your sake verify ALL information upon which you may tend rely.
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