In order to renew the 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 rights 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; and
   7. (g) 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 a state; and

2. (2) Pay the permit renewal 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 one or more owners, three thousand dollars.

      For a renewal application that is not received by the board by August first, postmarked by August first, or, if completed on the internet, submitted on or before 11:59 p.m. Central Time on August first, the firm must pay an additional one-hundred-dollar late fee. Failure to receive a renewal notice does not constitute an adequate reason for failing to renew the permit in a timely manner.

      Online submission of a renewal application constitutes the firm's signature and verification of the information submitted.

Source: 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-37 , 36-20B-70 .