Notwithstanding Section 34-2-37, it shall be lawful for individuals holding a certificate of registration pursuant to this chapter to participate as owners with architects and/or professional engineers in partnerships, corporations, professional corporations, professional associations, and other business entity relationships. Such participation may include, where applicable, and without limitation, service as an officer, director, shareholder, voting or nonvoting, and any other participation allowed under the laws of the State of Alabama.