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IMI Journal February 2004, Vol 2, Issue 1
New Website – Fresh New Look
Well the news is out! We finally have a new website after several months of sorting through some technical problems. The problems were finally tracked down after hours of searching only to find out that the software we have been using since 2002 has become unstable for the technologically advancing internet. We don't wish to discredit anybody so we won't tell you who they were , but now that our new site has been created I don't believe we will be having any tech issues concerning submission forms and on demand features , which is were the real problem surfaced. The previous software we were using was a cookie cutter template system. Our new software allows us the power to completely design our website from scratch. And that is what we have done.
The new website has been streamlined and the links have been recreated to provide you with ease of movement throughout the entire website. Previously our site was set up using more of a forced due diligence where you had to follow the links the way we set them up for you in order to get to the next page. You will find our new redesigned site allows you to be in full control of where you want to go. The user menu will always be located on the left hand side of your screen where you will enjoy complete access to every page listed on our site no matter what webpage you may currently be viewing. You already know by now if you are reading this newsletter , the features are simple and easy to use. You just mouse over the icon page and if you want to go there all you have to do is left click on your mouse and boom-bam , you are there. Also , if you look at the bottom of your menu bar on your computer you will see the complete title of the webpage you are about to go to. Once again , these features keep you in full control of what you want to see at all times. Wow!
We also have gone to great lengths to stream line our site. In doing this we have basically 5 main topical components to our website. These areas consist of Corporation Sole , IMI Ministries , Monthly Journal , Prophetic and Meet the Chaplain. Once again , giving you greater control over where you want to navigate on our website.
One of the new features we have built into out site is the availability of our 22 page Report On Corporation Sole and a copy of our IMI Bylaws for Home Groups and Fellowships in Adobe download for those interested in obtaining them. Now there is no waiting, the report can come directly to you after you have properly filled out the request form.
Another feature will be available in the near future. We will have a place for downloadable MP3 of ministry messages from out various team leaders within Impact Ministries International. These teachings and Bible studies can be used in Home Groups or for your personal edification. We look forward to this part of our site being up and running within the next 4 to 6 months.
I would like to give credit to our computer administrator and website designer Mr. Joe Hull of Tsedek Ministries Int. for his expertise and excellent workmanship provided in our website. With out him we would still be trying to resolve the technical issues of our previous website. We hope that you will take time to explore and enjoy all of the thoughtful integrations as you navigate through each area of our website. Have fun!
Can A Corporation Sole Run A Business? - BrotherAndrew
Impact Ministries International does not condone or recommend that you use your corporation sole to be engaged in any type of active business that operates out side of the scope of your ministerial , educational , or charitable purposes. Furthermore , even though strategically and theoretically the CS can be tied in a passive way to other businesses through private contract , there is absolutely no case law in the courts that will support this position. Additionally , it is IMI's position that within the next few years there will be court cases that will deal with these issues as it relates to UBTI and the misuse of corporation sole among other entities. A word to the wise is sufficient here. If you are doing for profit business activity , we urge you to use proper system structures appropriate for the type of business you are doing and let Corporation Sole be used for all of your non-profit activities.
Now , there are those among corporation sole providers that will answer the question of "Can the CS run a Business" with a resounding Yes. Their prevailing thought is theoretically... The CS can enter into a contract with an existing business to be the fiduciary or administrative/managerial head of the business so all profits go to the CS tax-free. If the business is set up as an LLC , S or C Corp. , there are reporting requirements for those entities even though there is no tax liability. You would be exposing the CS as the head of the business. Not a problem , but you give away some privacy. The CS could "buy" the existing business , the former business would close on paper , following the IRS guidelines for closing or ending this entity.
The CS owned business could continue with a slightly different name. Example: Rapha Care Center , LLC is sold to Rapha Care Ministry , Mission , Foundation , Affiliation , Group , Assembly , Community Center , or RC Group , etc. The Rapha Care Center , LLC is closed according to the guidelines of the state the corporation is domiciled in. Avoid standard commerce terms for the CS such as services , company , corporation , etc. Think of the Apostle Paul who was a tent-maker. The CS can run a business to provide a means to follow its mission. It can be a grocery , contractor , carpenter , department store , school , medical office…just about anything you can think of that is legal and lawful. Although this may be true , it is equally true that if the corporation sole is operating in a way out side of the parameters of its exempt purpose then it very well may invoke taxable consequences.
Again , I want to reiterate here that IMI does not condone or even recommend that you use your corporation sole in this manner! We are sharing this in our news letter to assist those who may be considering using corporation sole for ministerial or charitable intent and to be wary of any corporation sole provider promising you that a corporation sole can used to do active business activity. If using corporation sole for business purposes , then do an annual filing and pay the tax. Its that simple. Sooner or later these type of people who are trying to use corporation sole purely to escape taxation on their businesses are going to have address issues of UBTI [Unrelated Business Tax Income]. We do not want you to be one of them. Let us do all things with integrity as unto the Lord!
