Place of business


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Related to Place of business: business firm, principal place of business

PLACE OF BUSINESS. The place where a man usually transacts his affairs or business. When a man keeps a store, shop, counting room or office, independently and distinctly from all other persons, that is deemed his place of business 3 and when he usually transacts his business at the counting house, office, and the like, occupied and used by another, that will also be considered his place of business, if he has no independent place of his own. But when he has no particular right to use a place for such private purpose, as in an insurance office, in exchange room, banking room, a post office, and the like, where persons generally resort, these will not be considered as the party's place of business, although he may occasionally or transiently transact business there. 2 Pet. R. 121; 10 John. 501; 11 John. 231; 1 Pet. S. C. R. 582; 16 Pick. 392.
     2. It is a general rule that a notice of the non-acceptance or non- payment of a bill, or of the non-payment of a note, may be sent either to the domicil or place of business of the person to be affected by such notice, and the fact that one is in one town and the other in the other will make no difference, and the holder has his election to send to either. A notice to partners may be left at the place of business of the firm or of any one of the partners. Story on Pr. Notes, Sec. 312.

References in periodicals archive ?
The Working Party proposes to clarify that "[w]hen applying the permanent establishment definition, one must look at a specific enterprise and not at a group of entities as a whole." Paragraphs 41 and 42 of the Commentary would address the situations in which a parent may be found to have a PE in a State where its subsidiary has a place of business, including having space available in the subsidiary's fixed place of business (FPOB).
constitutes a fixed place of business, (11) thereby potentially subjecting the foreign person's income generated through the ISP to U.S.
Supreme Court narrowly construed the principal place of business definition in a landmark case, Commissioner v.
While Walker's residence was not established as his principal place of business under the home-office deduction standards, it was established as his regular place of business under the language of revenue ruling 90-23.
In reaction to the Supreme Court's decision in Soliman, as part of the Taxpayer Relief Act of 1997 (TRA '97), Congress passed legislation redefining a taxpayer's principal place of business. Congressional concern was that the Supreme Court's decision effectively closed the door to legitimate home office deductions for many taxpayers and unfairly penalized small businesses simply because they operated out of a home, rather than from a storefront, office building or industrial park.
Observation: The new ruling stresses the importance of qualifying one's home as a principal place of business (not merely a regular place of business).
280A(c)(1)(A) provides that a taxpayer may deduct expenses for the portion of his personal residence used on a regular basis as his principal place of business. In Edwin R.
Since the relative importance of the work done at each location is essentially equal, the IRS applies the "time" test and decides his home office is the principal place of business.
(a)Fms Contracting Ltd never having traded having its registered office & principal place of business at Monawilling,Oulart, Gorey, Co.
* As the principal place of business for a trade or business;
The Internal Revenue Service denied the deductions, claiming the home office was not Soliman's principal place of business (Internal Revenue Code section 280A(c) (1)(A)).
(a)Mac Homes & Real Estate Ltd having ceased to trade having its registered office & principal place of business at 33 Woodview, Killygoan, Monaghan H18hv59 & previous reg.