In order to obtain an initial permit, a firm required to hold a permit pursuant to SDCL 36-20B-32.1 shall:

1. (1) Apply to the board on a form provided by the board and containing the following:

   1. (a) The name of the firm;
   2. (b) Whether the firm is a sole proprietorship, partnership, or corporation;
   3. (c) The address of the firm;
   4. (d) The total percentage of equity ownership and the voting right of the licensees in the firm;
   5. (e) The name of the resident manager of the firm;
   6. (f) The type of peer review program in which the firm participates, and the date and results of the last review;
   7. (g) An original sheet of each type of letterhead used by the firm; and
   8. (h) Any state in which the firm has applied for, or holds, a permit as a Certified Public Accountant firm, and any past denial, revocation, or suspension, of a permit by the state; and

2. (2) Pay the initial application fee of one hundred dollars for each firm in this state required to hold a permit pursuant to SDCL subdivision 36-20B-32.1(1) or (2), or for each firm exercising practice privileges in this state required to hold a permit pursuant to SDCL subdivision 36-20B-32.1(3), plus:

   1. (a) For firms with one to nine owners, seventy-five dollars per owner;
   2. (b) For firms with ten to fifteen owners, one thousand dollars;
   3. (c) For firms with sixteen to twenty-five owners, one thousand five hundred dollars;
   4. (d) For firms with twenty-six to sixty owners, two thousand dollars;
   5. (e) For firms with sixty-one to one hundred owners, two thousand five hundred dollars; and

   6. (f) For firms with one hundred or more owners, three thousand dollars.

      A firm shall submit an application for an initial permit within ninety days after commencing an engagement. A firm shall obtain a permit to practice for the year during which it commences an engagement. If the firm does not submit the application within the ninety days, the firm must pay an additional one-hundred-dollar late fee. Firm permits expire annually on July thirty-first.

      A firm needing to replace a permit that is lost or destroyed, or to change a name or form of practice, shall request a replacement in writing in the format provided by the board office and pay a fee of fifty dollars.

      The fees must accompany the application for a permit or request for replacement of a permit.

      Online submission of an initial application constitutes the firm's signature and verification of the information submitted.

Source: 29 SDR 16, effective August 14, 2002; 30 SDR 119, effective February 9, 2004; 35 SDR 305, effective July 1, 2009; 39 SDR 219, adopted June 24, 2013, effective July 1, 2013 ; 51 SDR 141, effective July 1, 2025 .

General Authority: SDCL 36-20B-12 .

Law Implemented: SDCL 36-20B-32 to 36-20B-34 , inclusive, 36-20B-70 .

Prior versions effective: 2013-07-01.