What is a business entity?
A business entity includes any person, defined in ยง1-101(D) of the State Finance and Procurement Article as an individual, receiver, trustee, guardian, personal representative, fiduciary, or representative of any kind and any partnership, firm, association, corporation, or other entity, or any firm, sole proprietorship, partnership, corporation, limited liability company, or other business entity or a combination of any of these entities, including any financial institution, developer, consultant, prime contractor, subcontractor, supplier, or vendor, that has submitted a bid or proposal for, has been selected to engage in, or is engaged in providing goods or services to the State. What is Prohibited? Discrimination Prohibited. It is unlawful for a business entity that has entered into a contract with the State to discriminate in the solicitation, selection, hiring, or commercial treatment of vendors, suppliers, subcontractors, or commercial customers. Retaliation Prohibited. It is unla
How do we define: business entity? Business Entity is an organization that possesses a separate existence for tax purposes. Some types of business entities include corporations and foreign corporations, business trusts, limited liability companies, and limited partnerships. Every new business owner must learn about incorporating their company. Learning how to incorporate your company is critical to starting up and protecting your future.
