Corporation Sole
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In English law, a corporation sole is a legal entity consisting of a single incorporated office, occupied by a single man or woman. This allows a corporation to pass vertically in time from one office holder to the next successor-in-office, giving the position legal continuity with each subsequent office holder having identical powers to his predecessor. Most corporations sole are church-related but some political offices of the United Kingdom, Canada, and the United States are also corporations sole. An example is that in the UK, many mayors are corporations sole. In contrast to a corporation…mehr

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Produktbeschreibung
In English law, a corporation sole is a legal entity consisting of a single incorporated office, occupied by a single man or woman. This allows a corporation to pass vertically in time from one office holder to the next successor-in-office, giving the position legal continuity with each subsequent office holder having identical powers to his predecessor. Most corporations sole are church-related but some political offices of the United Kingdom, Canada, and the United States are also corporations sole. An example is that in the UK, many mayors are corporations sole. In contrast to a corporation sole, a corporation aggregate consists of two or more persons, typically run by a board of directors. Another difference is that corporations aggregate may have owners or stockholders, neither of which are a feature of a corporation sole.