Maryland Code, BUSINESS OCCUPATIONS AND PROFESSIONS 2-404
Terms Used In Maryland Code, BUSINESS OCCUPATIONS AND PROFESSIONS 2-404
- 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.
- state: means :
(1) a state, possession, territory, or commonwealth of the United States; or
(2) the District of Columbia. See
(1) submit to the Board an application on the form that the Board provides; and
(2) pay to the Board a nonrefundable application fee set by the Board.
(b) In addition to any other information required on an application form, the form shall require:
(1) for a partnership applicant, a list of each partner who practices or who intends to practice certified public accountancy in the State;
(2) for a limited liability company, a list of each member who practices or who intends to practice certified public accountancy in the State; and
(3) for a corporate applicant, a list of all of the shareholders of the corporation.