The panon corporation is incorporated in tennessee. its principal place of business is located in massachusetts. as a result, the panon corporation is considered a citizen of both Massachusetts or Tennessee.
A corporation is a collection of people or a business that has been given legal status as a single entity by the state and is used for specific legal purposes. Early corporations were created with a charter. The majority of governments currently permit the registration of new corporations.
A type of corporate organisation known as a corporation also serves as a distinct legal entity from its owners. All corporations are businesses, but not all businesses are businesses.
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