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Can CPA firms admit Non-CPA owners as of September 24, 2001?

April 26, 2017admit CPA firms non-cpa owners

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Can CPA firms admit Non-CPA owners as of September 24, 2001?

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Based on a recent change to M.G.L. c. 112, sections 87A to 87E, licensed CPA firms (partnerships, corporations, LLCs and LLPs) may organize or add partners, shareholders or members up to 49 percent ownership with individuals who do not possess a CPA license. This informational notice provides the guidance to all who wish to either form a new entity with non-CPA owners or add a non-CPA owner to a currently licensed CPA firm as above.