18 Va. Admin. Code § 5-22-50

Current through Register Vol. 40, No. 22, June 17, 2024

Section 18VAC5-22-50 - Determining whether the principal place of business of a person or of a firm is in Virginia

Complying with subdivision A 1 of § 54.1-4409.1, subsection B of § 54.1-4411, or subsection B of § 54.1-4412.1 of the Code of Virginia requires the person or firm to use reasonable judgment in determining whether Virginia is the principal place of business in which:

1. The person provides services to the public; or

2. The firm provides attest services or compilation services.

The determination shall be reasonable considering the facts and circumstances and can be based on quantitative or qualitative assessments. The determination shall be reconsidered for changes in facts and circumstances that are not temporary.

18 Va. Admin. Code § 5-22-50

Derived from Virginia Register Volume 26, Issue 24, eff. September 16, 2010; Amended, Virginia Register Volume 33, Issue 23, eff. 8/9/2017.

Statutory Authority: §§ 54.1-4402 and 54.1-4403 of the Code of Virginia.