DLLR's Division of Occupational and Professional Licensing

 

License/Permit Requirements - Corporations and Partnerships - Maryland Board of Public Accountancy

 

Corporation, Partnership, Limited Liability Partnership, Limited Liability Company Permit Application

Initial Application fee - $80.00. Permit Fee after approval - $80.00

A Corporate applicant for a permit:

  1. Must meet the applicable requirements of the Maryland Professional Service Corporation Act.
  2. Must have a permanent office in Maryland or, at the time of application, submit proof of the corporation's intent to immediately establish a permanent office in Maryland; and
  3. Be organized such that a simple majority of the ownership of the corporation, in terms of financial interests and voting rights, is held by individuals licensed to practice certified public accountancy in this or another state. All non-CPA owners must be active participants in the corporation.

Note: At least one officer, partner or member must reside in Maryland and must be licensed to practice in Maryland.

A Limited Liability Company (LLC)

  1. Must have a permanent office in Maryland or, at the time of application, submit proof of the limited liability company's intent to immediately establish a permanent office in Maryland from which an individual is to practice certified public accountancy;
  2. Each permanent office shall be under the immediate direction of a member of the limited liability company who resides in Maryland.
  3. Be organized such that a simple majority of the ownership of the corporation, in terms of financial interests and voting rights, is held by individuals licensed to practice certified public accountancy in this or another state. All non-CPA owners must be active participants in the limited liability corporation.

A Partnership

  1. Must have a permanent office in Maryland or, at the time of application, submit proof of the limited liability company's intent to immediately establish a permanent office in Maryland from which an individual is to practice certified public accountancy;
  2. Each permanent office shall be under the immediate direction of a partner of the partnership who resides in this Maryland.
  3. Be organized such that a simple majority of the ownership of the partnership, in terms of financial interests and voting rights, is held by individuals licensed to practice certified public accountancy in this or another state. All non-CPA owners must be active participants in the partnership.