citizenship of corporations

Corporate citizenship refers to the legal recognition of a corporation as a "person" under the law, enabling it to own property, enter contracts, sue, and be sued. A corporation's citizenship is determined by its place of incorporation (where it was legally formed) and its principal place of business (main operations location). This classification affects jurisdiction and legal proceedings, especially in multi-state or international matters. Essentially, corporate citizenship provides the legal identity needed to operate within the legal system, similar to an individual, facilitating business activities across different regions.