Nevada § 623.349 - Formation of business organizations or associations with persons outside of field of practice or with unregistered or unlicensed persons: Conditions; limitations

§ 623.349. Formation of business organizations or associations with persons outside of field of practice or with unregistered or unlicensed persons: Conditions; limitations

1. Architects, registered interior designers, residential designers, professional

engineers and landscape architects may join or form a partnership, corporation, limited-liability

company or other business organization or association with registrants and licensees

outside of their field of practice, or with persons who are not registered or licensed,

if control and two-thirds ownership of the business organization or association is

held by persons registered or licensed in this State pursuant to the applicable provisions

of this chapter, chapter 623A or 625 of NRS . 2. If a partnership, corporation, limited-liability company or other form of business

organization or association wishes to practice pursuant to the provisions of this

section, it must: (a) Demonstrate to the Board that it is in compliance with all provisions of this

section. (b) Pay the fee for a certificate of registration pursuant to NRS 623.310 . (c) Qualify to do business in this State. (d) If it is a corporation, register with the Board and furnish to the Board a complete

list of all stockholders when it first files with the Board and annually thereafter

within 30 days after the annual meeting of the stockholders of the corporation, showing

the number of shares held by each stockholder. (e) If it is a partnership, limited-liability company or other form of business organization

or association, register with the Board and furnish to the Board such information

analogous to that required by paragraph (d) as the Board may prescribe by regulation. 3. A partnership, corporation, limited-liability company or other form of business

organization or association practicing under the provisions of this section may not

perform, promote or advertise the services of a registrant or licensee unless that

registrant or licensee is an owner of the business organization or association. 4. As used in this section, “control” means the direct or indirect possession of the

power to direct or cause the direction of the management and policies of a business

organization or association.