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LSDefine

Simple English definitions for legal terms

principal place of business

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A quick definition of principal place of business:

A principal place of business is where the people in charge of a company make decisions and control what the company does. It's like the company's brain. This is important because it helps determine which state a company belongs to for legal reasons. The main way to figure out a company's principal place of business is to look at where the people in charge work. If they work in New York, then the company's principal place of business is in New York. A company can only have one principal place of business, but it can be a citizen of more than one state. This is important for legal cases, but you don't need to know the exact location of a company's principal place of business to go to court with them.

A more thorough explanation:

A principal place of business is where a corporation's officers direct, control, and coordinate the corporation's activities. It is also known as the corporation's "nerve center." This is important for determining diversity jurisdiction, which is when a case involves parties from different states or countries.

For example, if a company's officers direct the company's business activities in New York, then its principal place of business is New York regardless of the company's degree of activity in any other state.

The Supreme Court has established the "nerve center" test as the dominant approach for determining a corporation's principal place of business. This means that the location where a corporation's officers direct, control, and coordinate its activities is considered its principal place of business.

A corporation can only have one principal place of business, but it can be a citizen of multiple states. For example, if a corporation is incorporated in a different state than where its headquarters are located, it is a citizen and under the jurisdiction of both states.

It is not necessary to pinpoint a corporation's principal place of business to establish diversity jurisdiction. It is enough to show that the parties involved in the case are from different states or countries.

Principal in the second degree | Principal Register

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Dkk
19:42
SEO is big money
2016 pushed the conservative party into populism irreversibly
Dkk
19:43
Maybe, but if this is populism, then every election is populist.
19:43
@Dkk: yeah register 1 website and every swinging tom dick and harry calls/emails/texts to 'help with seo'. like bruh, if YOU found it, what i am doing is working
Dkk
19:43
Indeed!
19:48
wasp, i think people are hopeful for a gov who at least attempts to care about the common man
MIAMI A
[] AromaticTroubledDormouse
20:55
How does one know if they are UR1 or UR2?
[] AromaticTroubledDormouse
20:56
CONGRATS MACAQUE!
TY
got a random stanford email and almost had a heart attack
ALSO CONGRATS!
Congrats1!
21:15
Miami A, yall I'm so excited I could cry.
21:15
Feel like I can finally stop holding my breath!! Whew!!!
[] baddestbunny
22:16
every time I get accosted by a strange man who follows me around because my male coworkers were too busy talking to walk me back to my car I get closer to saying we need to bring back traditional gender roles
Dkk
22:32
Nice! @Macaque
Dkk
22:32
@Aromatic, Have to guess.
Dkk
22:33
That sucks @Bunny do you have to go to the hospital?
[] baddestbunny
22:40
I said accosted not assaulted
23:35
guys. my notre dame address just went long is this good or bad
1a2b3c4d26z
23:37
Oooooo me too
23:37
omg is this good or bad
Dkk
23:47
Idk if gender roles are gunna fix that then.
23:49
it looks like most people who applied in october last cycle didn't get a decision until january... does it even mean anything that our addresses went long??
hows ED 2 compared to ED 1?
Dkk
0:10
No idea
windyMagician
0:34
reporting live to say my ndls address also went long
does it mean anything ^
Dkk
2:21
NDLS and Fordham took a very long time last year. It's good info for people to know.
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