what is a domiciled corporation
Commercial Domicile Law & Legal Definition. Commercial domicile refers to a domicile acquired by a nonresident corporation or an entity for the purpose of conducting activities to permit taxation of the corporationâs property or activity located outside the bounds of the taxing state.ommercial Domicile Law & Legal Definition. Commercial domicile refers to a domicile acquired by a nonresident corporation or an entity for the purpose of conducting activities to permit taxation of the corporationâs property or activity located outside the bounds of the taxing state.