WILLIAM DONALD SCHAEFER, Governor                         Ch. 459

(C) THE PERSONAL LIABILITY OF A MEMBER OF A DOMESTIC OR FOREIGN
LIMITED LIABILITY COMPANY THAT PROVIDES PROFESSIONAL SERVICES IS NO
GREATER IN ANY RESPECT THAN THE LIABILITY OF A MEMBER OF A LIMITED
LIABILITY COMPANY WHICH IS NOT ENGAGED IN RENDERING PROFESSIONAL
SERVICES.

Article - Business Occupations and Professions

2-401.

(a)     Subject to the provisions of this subtitle, an individual may practice certified
public accountancy through a partnership, LIMITED LIABILITY COMPANY, or
corporation that holds a permit under this subtitle.

(b)     A partnership, LIMITED LIABILITY COMPANY, or corporation shall hold a
permit issued by the Board before the partnership, LIMITED LIABILITY COMPANY, or
corporation may operate a business through which certified public accountancy is
practiced.

2-402.1.

(A)     TO QUALIFY FOR A PERMIT, A LIMITED LIABILITY COMPANY SHALL MEET
THE REQUIREMENTS OF THIS SECTION.

(B)     THE LIMITED LIABILITY COMPANY SHALL:

(1)      HAVE A PERMANENT OFFICE IN THE STATE FROM WHICH AN
INDIVIDUAL IS TO PRACTICE CERTIFIED PUBLIC ACCOUNTANCY; OR

(2)      SUBMIT PROOF, SATISFACTORY TO THE BOARD, OF THE INTENT OF
THE LIMITED LIABILITY COMPANY TO ESTABLISH IMMEDIATELY A PERMANENT
OFFICE.

(C)     EACH PERMANENT OFFICE REQUIRED UNDER SUBSECTION (B) OF THIS
SECTION SHALL BE MANAGED BY UNDER THE IMMEDIATE DIRECTION OF A
MEMBER OF THE LIMITED LIABILITY COMPANY WHO RESIDES IN THE STATE.

(D)     EACH MEMBER OF A LIMITED LIABILITY COMPANY SHALL BE LICENSED
TO PRACTICE CERTIFIED PUBLIC ACCOUNTANCY IN THIS OR ANOTHER STATE.

2-404.

(a)     An applicant for a permit shall:

(1)     submit to the Board an application on the form that the Board provides;
and

(2)     pay to the Board an application fee of $25.

(b)     In addition to any other information required on an application form, the
form shall require:

(1) for a partnership applicant, a list of each partner who practices or who
intends to practice certified public accountancy in the State;

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