eLaws of Florida

  SECTION 473.309. Practice requirements for partnerships, corporations, and limited liability companies; business entities practicing public accounting.  


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  • 1(1) 2A partnership may not engage in the practice of public accounting, as defined in s. 17473.302(8)(a), 18or meet the requirements of s. 24473.3101(1)(b), 25unless:
    26(a) 27It is a form of partnership recognized by Florida law.
    37(b) 38Partners owning at least 51 percent of the financial interest and voting rights of the partnership are certified public accountants in some state. However, each partner who is a certified public accountant in another state and is domiciled in this state must be a certified public accountant of this state and hold an active license.
    93(c) 94At least one general partner is a certified public accountant of this state and holds an active license or, in the case of a firm that must have a license pursuant to s. 127473.3101(1)(c), 128at least one general partner is a certified public accountant in some state and meets the requirements of s. 147473.3141(1)(a) 148or (b).
    150(d) 151All partners who are not certified public accountants in any state are engaged in the business of the partnership as their principal occupation.
    174(e) 175It is in compliance with rules adopted by the board pertaining to minimum capitalization, letters of credit, and adequate public liability insurance.
    197(f) 198It is currently licensed as required by s. 206473.3101207.
    208(2) 209A corporation may not engage in the practice of public accounting, as defined in s. 224473.302(8)(a), 225or meet the requirements of s. 231473.3101(1)(b), 232unless:
    233(a) 234It is a corporation duly organized in this or some other state.
    246(b) 247Shareholders of the corporation owning at least 51 percent of the financial interest and voting rights of the corporation are certified public accountants in some state and are principally engaged in the business of the corporation. However, each shareholder who is a certified public accountant in another state and is domiciled in this state must be a certified public accountant of this state and hold an active license.
    315(c) 316The principal officer of the corporation is a certified public accountant in some state.
    330(d) 331At least one shareholder of the corporation is a certified public accountant and holds an active license in this state or, in the case of a firm that must have a license pursuant to s. 366473.3101(1)(c), 367at least one shareholder is a certified public accountant in some state and meets the requirements of s. 385473.3141(1)(a) 386or (b).
    388(e) 389All shareholders who are not certified public accountants in any state are engaged in the business of the corporation as their principal occupation.
    412(f) 413It is in compliance with rules adopted by the board pertaining to minimum capitalization, letters of credit, and adequate public liability insurance.
    435(g) 436It is currently licensed as required by s. 444473.3101445.
    446(3) 447A limited liability company may not engage in the practice of public accounting, as defined in s. 464473.302(8)(a), 465or meet the requirements of s. 471473.3101(1)(b), 472unless:
    473(a) 474It is a limited liability company duly organized in this or some other state.
    488(b) 489Members of the limited liability company owning at least 51 percent of the financial interest and voting rights of the company are certified public accountants in some state. However, each member who is a certified public accountant in some state and is domiciled in this state must be a certified public accountant of this state and hold an active license.
    549(c) 550At least one member of the limited liability company is a certified public accountant and holds an active license in this state or, in the case of a firm that must have a license pursuant to s. 587473.3101(1)(c), 588at least one member is a certified public accountant in some state and meets the requirements of s. 606473.3141(1)(a) 607or (b).
    609(d) 610All members who are not certified public accountants in any state are engaged in the business of the company as their principal occupation.
    633(e) 634It is in compliance with rules adopted by the board pertaining to minimum capitalization, letters of credit, and adequate public liability insurance.
    656(f) 657It is currently licensed as required by s. 665473.3101666.
    667(4) 668A partnership, corporation, limited liability company, or any other firm is engaged in the practice of public accounting if its employees are engaged in the practice of public accounting. Notwithstanding any other provision of law, a licensed firm may own all or part of another licensed firm.
History.-ss. 8, 25, ch. 79-202; ss. 2, 3, ch. 81-318; ss. 10, 11, ch. 85-9; s. 22, ch. 89-374; s. 4, ch. 91-429; s. 16, ch. 93-110; s. 1, ch. 93-284; s. 1, ch. 97-35; s. 5, ch. 98-340; s. 2, ch. 2000-114; s. 8, ch. 2009-54; s. 2, ch. 2015-174.

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