H.B. 429                                                   VETOES

(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;

(2)      FOR A LIMITED LIABILITY COMPANY, A LIST OF EACH MEMBER WHO
PRACTICES OR WHO INTENDS TO PRACTICE CERTIFIED PUBLIC ACCOUNTANCY IN

THE STATE; and                                                                                         

[(2)](3) for a corporate applicant, a list of all of the shareholders of the
corporation.

2-408.

(a) Within 1 month after the change or occurrence, a partnership that holds a
permit shall give to the Board written notice of:

(1)     a change in the name of the partnership;

(2)     the admission of any partner who practices or intends to practice
certified public accountancy in the State;

(3)     the death of any partner who practiced certified public accountancy in
the State; and

           (4) the withdrawal of any partner who practiced certified public

accountancy in the State.

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