1. (1) A partnership may not engage in the practice of public accounting in this state unless:

   1. (a) It is a form of partnership recognized by Florida law.
   2. (b) Partners owning at least two-thirds of the financial interest and voting rights of the partnership are certified public accountants in some state.
   3. (c) At least one general partner is a certified public accountant of this state and holds an active license.
   4. (d) All noncertified public accountant partners are engaged in the business of the partnership as their principal occupation.
   5. (e) It is in compliance with rules adopted by the board pertaining to minimum capitalization and adequate public liability insurance.
   6. (f) It is currently licensed as required by s. 473.3101.

2. (2) A corporation may not engage in the practice of public accounting in this state unless:

   1. (a) It is a corporation duly organized in this or some other state.
   2. (b) Shareholders of the corporation owning at least two-thirds 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.
   3. (c) The principal officer of the corporation is a certified public accountant in some state.
   4. (d) At least one shareholder of the corporation is a certified public accountant and holds an active license in this state.
   5. (e) All noncertified public accountant shareholders are engaged in the business of the corporation as their principal occupation.
   6. (f) It is in compliance with rules adopted by the board pertaining to minimum capitalization and adequate public liability insurance.
   7. (g) It is currently licensed as required by s. 473.3101.

3. (3) A limited liability company may not engage in the practice of public accounting in this state unless:

   1. (a) It is a limited liability company duly organized in this or some other state.
   2. (b) Members of the limited liability company owning at least two-thirds of the financial interest and voting rights of the company are certified public accountants in some state.
   3. (c) At least one member of the limited liability company is a certified public accountant and holds an active license in this state.
   4. (d) All noncertified public accountant members are engaged in the business of the company as their principal occupation.
   5. (e) It is in compliance with rules adopted by the board pertaining to minimum capitalization and adequate public liability insurance.
   6. (f) It is currently licensed as required by s. 473.3101.
4. (4) A partnership, corporation, limited liability company, or any other business entity is engaged in the practice of public accounting if its employees are engaged in the practice of public accounting.

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.