Section 623.310 - Determination of practice as principalThe following provisions apply to all applicants for registration:
1. A stockholder, director or officer of a corporation who is authorized to engage in the practice of architecture or residential design or practice as a registered interior designer is not considered to be practicing as a principal solely because of his or her position in the corporation.2. No employee of a corporation is considered to be practicing as a principal unless he or she is a director or officer of the corporation.3. In any firm composed of general partners as well as limited partners or associates, or both, the general partners are considered by the Board to be practicing as principals. Persons who share in the profits of a firm but not in the losses, or who are not liable for the acts of the firm, will not be considered to be practicing as principals.4. Architects, registered interior designers and residential designers who are employed by firms engaged in the design and construction of buildings, whether by the same or affiliated organizations, are not considered to be practicing as principals.5. The term "principal" may only be used by persons registered pursuant to chapter 623 of NRS.Nev. Admin. Code § 623.310
Bd. of Architecture, § 23, eff. 5-7-80-NAC A 10-26-83; 10-24-91; A by Bd. of Architecture, Interior Design & Residential Design by R012-06, 5-4-2006