/kɔːrpəˈreɪʃən səʊl/ – Phrase
Definition: pháp nhân một người.
A more thorough explanation: A corporation sole is a legal entity consisting of a single person who holds a particular office or position, such as a bishop or a monarch, in which the individual has legal capacity to act in a corporate capacity. This type of corporation is distinct from a regular corporation, as it is not formed by a group of individuals but rather by a single officeholder who holds the position in perpetuity or until they are succeeded by another individual in the same office.
Example: The corporation sole is a legal entity that is established to hold property and assets for the benefit of a religious organization, with the leader of the organization serving as the sole member and having control over the corporation’s affairs.
