(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.
(B) A licensee must file an application for renewal in accordance with Section 40-2-250.
(C) A partnership, firm, or registrant must file an application in accordance with Section 40-2-255.
(D) Partnerships, without payment of a permit fee, which meet the following standards:
(1) at least one general partner must be an accounting practitioner of this State in good standing;
(2) each partner must be lawfully engaged in the practice, as defined in Section 40-2-520, in a state of the United States;
(3) each resident manager in charge of an office must be an accounting practitioner of this State in good standing.