Maryland Code, BUSINESS OCCUPATIONS AND PROFESSIONS 14-412
Current as of: 2023 | Check for updates
|
Other versions
Terms Used In Maryland Code, BUSINESS OCCUPATIONS AND PROFESSIONS 14-412
- 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.
- Partnership: A voluntary contract between two or more persons to pool some or all of their assets into a business, with the agreement that there will be a proportional sharing of profits and losses.
A corporation, partnership, or limited liability company whose permit has been suspended or revoked under § 14-409 of this subtitle may not offer or provide engineering services until the suspension is lifted or the permit is reinstated.