South Carolina Statutes
§ 40-2-600 — Formation of legal entities between certified public accountants, public accountants, and accounting practitioners.
Nothing contained in this article may be construed to prohibit the formation of legal entities by and between certified public accountants, public accountants, and accounting practitioners if all members or shareholders of the legal entities and all resident managers of offices of the legal entities are licensed under this chapter as certified public accountants or public accountants or are properly licensed under Article 3 of this chapter as accounting practitioners and if the partnerships apply for an annual permit in the manner prescribed in this article for other partnerships. The composition of the ownership of a legal entity will determine whether the entity is subject to the additional restrictions imposed by Article 1 of this chapter.
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South Carolina § 40-2-600 (Formation of legal entities between certified public accountants, public accountants, and accounting practitioners.) — published by Counsel Stack Legal Research, free access to 12M+ legal documents.
Legislative History
HISTORY: 1996 Act No. 453, SECTION 1; 2004 Act No. 289, SECTION 1; 2022 Act No. 174 (S.812), SECTION 1, eff May 16, 2022. Effect of Amendment 2022 Act No. 174, SECTION 1, rewrote the section.
Nearby Sections
15
§ 40-2-10
South Carolina Board of Accountancy created; membership; terms; filling of vacancies; administrator.§ 40-2-100
Cease and desist order for conduct violating chapter; temporary restraining orders; injunctions.§ 40-2-130
Denial of authorization to practice.§ 40-2-160
Appeal.§ 40-2-170
Costs of investigation and prosecution.§ 40-2-180
Unpaid costs become judgment.§ 40-2-20
Definitions.§ 40-2-200
Violations; penalty.