A corporation or partnership may not act as a home improvement contractor unless it obtains a corporate or partnership home improvement contractor's license. To obtain and maintain a corporate or partnership home improvement license, the corporation or partnership shall employ one individual licensed contractor who shall be in responsible charge of the corporation's or partnership's home improvement work. The corporation or partnership and the individual in responsible charge of the corporation's or partnership's home improvement work shall be jointly and severally responsible for: Payment of any fees required by Business Regulation Article, §§8-302, 8-303, 8-308, and 8-404, Annotated Code of Maryland; Filing of a bond or other evidence of financial responsibility required by Business Regulation Article, §8-303(c), Annotated Code of Maryland; Repayment to the Home Improvement Commission Guaranty Fund pursuant to Business Regulation Article, §8-410, Annotated Code of Maryland, for any payments made to claimants from the Fund on account of violations by the corporation or partnership or the individual in responsible charge. For purposes of applying the limitation in Business Regulation Article, §8-405(e)(2), Annotated Code of Maryland, on Fund awards on account of the conduct of any one licensed contractor, the combined liability of a licensed corporation or partnership and the individual in responsible charge of the corporation's or partnership's work may not exceed the limitation in the aggregate. The Commissions may, pursuant to Business Regulation Article, §8-311, Annotated Code of Maryland, sanction a corporation or partnership for conduct which is in violation of Business Regulation Article, Title 8, Annotated Code of Maryland.