Corporation Sole.' What up?

November 8, 2007 5:58 PM

Corporation Sole? What is this? What are the possible tax benefits.

I am starting a business and a friend told me about this sometime back. What are the legal and tax benefits?

http://en.wikipedia.org/wiki/Corporation_sole

posted by goalyeehah to Law & Government (2 answers total)

It looks like it's mainly available to non-profits and religious groups, so you'd have to make sure it's possible for your business.
posted by drezdn at 6:24 PM on November 8, 2007

IRS warns of "Corporation Sole" tax scam

You will be a target for IRS attention if you do this.
posted by grouse at 4:40 AM on November 9, 2007