1. (A) Licenses must be issued by the board to persons satisfying the requirements of Section 40-2-550 upon the payment of a license fee in an amount to be determined by the board.
2. (B) A licensee must file an application for renewal in accordance with Section 40-2-250.
3. (C) A partnership, firm, or registrant must file an application in accordance with Section 40-2-40 and Section 40-2-255.

4. (D) Legal entities, without payment of a permit fee, must meet the following standards:

   1. (1) at least one owner must be an accounting practitioner of this State in good standing;
   2. (2) each partner must be lawfully engaged in the practice, as defined in Section 40-2-520, in a state of the United States; and
   3. (3) each resident manager in charge of an office must be an accounting practitioner of this State in good standing.

HISTORY: 1996 Act No. 453, Section 1; 2000 Act No. 274, Section 4; 2004 Act No. 289, Section 1; 2015 Act No. 51 (S.301), Section 9, eff June 3, 2015; 2022 Act No. 174 (S.812), Section 1, eff May 16, 2022.

Effect of Amendment

2015 Act No. 51, Section 9, in (C), added the reference to Section 40-2-40.

2022 Act No. 174, Section 1, in (D), substituted "Legal entities, without payment of a permit fee, must" for "Partnerships, without payment of a permit fee, which", in (1), substituted "owner" for "general partner", and made a nonsubstantive change in (2).