principal place of business

principal place of business definition - business

principal place of business

  1. The location of a firm's head office.
  2. The location where the majority of activities relative to a business take place. For example, whether or not a home office is considered a principal place of business is a factor in determining whether a taxpayer can claim a home office deduction.

The American Heritage® Dictionary of Business Terms Copyright © 2009 by Houghton Mifflin Harcourt Publishing Company. Published by Houghton Mifflin Harcourt Publishing Company. All rights reserved.

Comments
Improve this definition.
Do you have more to add? Share your linguistic knowledge or observation.
/Register to save your comments.