Can a corporation sole open a bank account?
Yes. Question: How does a corporation sole differ from the 501(c)(3) corporation. Answer: A 501(c)(3) corporation is a corporation established under the IRS Code to operate in commerce as a nonprofit status and tax exemption. A corporation sole is an office within the body of believers (church) to acquire, hold and dispose of church property and for the benefit of religion, for eleemosynary works (charity), education and public worship for the work of the Kingdom of GOD and is recognized as a freedom of religious expression and as a nonprofit association by the state.
