What are the CPA firm licensing requirements?
(1) How may a CPA firm be organized? A CPA firm may be organized as: (a) A proprietorship; (b) A partnership; (c) A professional corporation (PC) or professional service corporation (PS); (d) A limited liability company (LLC); (e) A limited liability partnership (LLP); or (f) Any other form of legal entity authorized by statute for use by a CPA firm. (2) What happens when a CPA firm alters its legal form? A change in the legal form of a firm constitutes a new firm. Accordingly, the new entity must first obtain a CPA firm license from the board. (3) What are the ownership requirements for a CPA firm? (a) All owners of a licensed CPA firm are required to: (i) Fully comply with the provisions of chapter 18.04 RCW; and (ii) Be subject to discipline by the board for violations of chapter 18.04 RCW or 4-25 WAC; (b) A simple majority of the ownership of the licensed firm in terms of financial interests and voting rights of all partners, owners, or shareholders must be: (i) Licensees in this s
