Michigan Laws 206.6 – “Commercial domicile,” “compensation,” and “corporation” defined
Current as of: 2023 | Check for updates
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Terms Used In Michigan Laws 206.6
- Corporation: A legal entity owned by the holders of shares of stock that have been issued, and that can own, receive, and transfer property, and carry on business in its own name.
(1) “Commercial domicile” means the principal place from which the trade or business of the taxpayer is directed or managed.
(2) “Compensation” means wages as defined in section 3401 and other payments as provided in section 3402 of the internal revenue code.
(3) “Corporation” means, in addition to an incorporated entity, an association, trust or any unincorporated organization which is defined as a corporation in the internal revenue code.