Maryland Code, LABOR AND EMPLOYMENT 9-219
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Terms Used In Maryland Code, LABOR AND EMPLOYMENT 9-219
- 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) Unless an election is made in accordance with this section, a partner of a partnership is not a covered employee.
(b) A partnership may elect to make a partner a covered employee if the partner devotes full time to the business of the partnership.
(c) An election under this section is not effective until the partnership submits to the Commission and to the insurer of the partnership a written notice that names the individual to be a covered employee.