Maryland Code, BUSINESS OCCUPATIONS AND PROFESSIONS 14-501.1
Current as of: 2023 | Check for updates
|
Other versions
Terms Used In Maryland Code, BUSINESS OCCUPATIONS AND PROFESSIONS 14-501.1
- 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.
- Person: includes an individual, receiver, trustee, guardian, personal representative, fiduciary, representative of any kind, corporation, partnership, business trust, statutory trust, limited liability company, firm, association, or other nongovernmental entity. See
Except for a professional engineer who operates a business as a sole practitioner, a person may not operate a business through which engineering services are performed or offered to be performed unless:
(1) the business is a corporation, partnership, or limited liability company; and
(2) the corporation, partnership, or limited liability company holds a permit issued by the Board.