Fla. Admin. Code R. 61H1-20.016

Current through Reg. 50, No. 119; June 18, 2024

Section 61H1-20.016 - Non-CPA Shareholders, Partners and Members

(1) For purposes of Chapter 473, F.S., the terms non-CPA shareholders, partners, and members shall be deemed and construed to mean natural persons materially participating in the business conducted by the firm and when their participation ceases, their interest shall revert to the firm.

(2) Non-CPA shareholders, partners, and members shall not hold themselves out as certified public accountants.

Fla. Admin. Code Ann. R. 61H1-20.016

Rulemaking Authority 473.304, 473.309 FS Law Implemented 473.309 FS.

New 2-5-98, Amended 9-21-10, Amended by Florida Register Volume 47, Number 036, February 23, 2021 effective 3/9/2021.

New 2-5-98, Amended 9-21-10, 3-9-21.