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A business domicile is a location which is treated for tax and legal purposes as the headquarters of the business. For a small business such as a retail store, the store itself is the business domicile, while for a multinational company, the domicile is determined by figuring out which location serves as the principle place of business or hub for the business. For legal reasons, the location of a domicile can be critically important.
Topic starter
Posted : 09/12/2010 5:58 am
Re: Business Domicile
Well according to my point of view, I think that Domicile is important because it is used in square up in what state a probate of a dead person's estate is filed, what state can assess income or inheritance taxes.
Posted : 11/12/2010 5:30 am
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