Complex sentence: As a corporation sole, the Presiding Bishop governs the Corporation of the Presiding Bishop of the Church of Jesus Christ of Latter-day Saints, which is the legal entity owning many of the church's assets and holdings in some countries around the world.
Split into simpler sentences: As a corporation sole, the Corporation of the Presiding Bishop of the Church of Jesus Christ of Latter-day Saints is governed by the Presiding Bishop. The Corporation of the Presiding Bishop of the Church of Jesus Christ of Latter-day Saints is the legal entity owning many of the church's assets and holdings in some countries around the world.