Maryland Code, BUSINESS OCCUPATIONS AND PROFESSIONS 14-402
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Terms Used In Maryland Code, BUSINESS OCCUPATIONS AND PROFESSIONS 14-402
- 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) Beginning on October 1, 2015, except as provided in subsection (b) of this section, a corporation, partnership, or limited liability company shall hold a permit issued by the Board before the corporation, partnership, or limited liability company may operate a business through which engineering is practiced.
(b) A corporation, partnership, or limited liability company may provide engineering services for itself or its affiliate without a permit issued by the Board.