principal place of business

The criterion of the residence or nonresidence of a corporation. 36 Am J2d For Corp § 38. As a venue for the adjudication of a debtor in bankruptcy, the place where the debtor's personal business affairs are conducted, notwithstanding his principal income is from a business conducted elsewhere. Re Knox (CA6 Tenn) 11 F2d 743. The principal place of business of a corporation is that place which has been designated by the corporation in compliance with, and in the manner prescribed by statute. That place is often the principal or main office of the company in the case of a domestic corporation, but obviously the principal place of business as here defined is not necessarily the office of the corporation. State v Vincent, 144 Wash 246, 257 P 849.

Ballentine's law dictionary. . 1998.

Look at other dictionaries:

  • principal place of business — The office of a business where the books and records are kept and where executives manage the company. Category: Business, LLCs & Corporations → Business Name, Location & Licenses Nolo’s Plain English Law Dictionary. Gerald N. Hill, Kathleen… …   Law dictionary

  • Principal Place Of Business — The primary location where a taxpayer s business is performed. The principal place of business is generally where the business s books and records are kept and is often where the head of the firm – or at least upper management – is… …   Investment dictionary

  • principal place of business — The Principal Place of Business (PPOB) is the place where orders are received and dealt with and the business is carried on and managed. HM Customs & Revenue Glossary …   Financial and business terms

  • principal place of business —    The location of the head office of a business where the accounts, contracts, and other records are kept, and usually where members of senior management work. Corporations must give details of their principal place of business to the Secretary… …   Business law dictionary

  • place of business — A place actually occupied, either continually or at regular periods, by a person or his clerks, in the pursuit of a lawful employment which occupies his time, attention and labor. Stephenson v Primrose (Ala) 8 Port 155. See place of doing… …   Ballentine's law dictionary

  • place of business, principal — n. The main or most important location of a business’s operations; the management headquarters or center of operations. The Essential Law Dictionary. Sphinx Publishing, An imprint of Sourcebooks, Inc. Amy Hackney Blackwell. 2008 …   Law dictionary

  • chief place of business — As the term is used in a statute providing for the service of process on a corporation at its chief place of business, it means that service can be made either where the office of the corporation is located, or in the county where the corporation …   Ballentine's law dictionary

  • principal — prin·ci·pal 1 / prin sə pəl/ adj 1: being the main or most important, consequential, or influential their principal place of business the principal obligor 2: of, relating to, or constituting principal or a principal the principal amount of the… …   Law dictionary

  • business — Employment, occupation, profession, or commercial activity engaged in for gain or livelihood. Activity or enterprise for gain, benefit, advantage or livelihood. Union League Club v. Johnson, 18 Cal.2d 275, 108 P.2d 487, 490. Enterprise in which… …   Black's law dictionary

  • place of doing business — Any place at which the particulars of a corporate enterprise are conducted. 18 Am J2d Corp § 160. See principal place of business …   Ballentine's law dictionary

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