2011 Louisiana Laws
Revised Statutes
TITLE 37 — Professions and occupations
RS 37:77.1 — Firm permits to practice; single-owner firms; death of owner

§77.1. Firm permits to practice; single-owner firms; death of owner

A. Notwithstanding the provisions of this Chapter to the contrary, upon written authorization from the board, a firm that is a sole proprietorship, a single-member limited liability company, a single-shareholder professional accounting corporation, or any other single-owner business entity licensed to practice public accounting by the state of Louisiana may continue to operate for a period of up to twelve months following the date of death of the owner. Authorization of the continuation of the firm shall be granted by the board when the following documents have been provided to the board:

(1) A certified copy of the owner's death certificate.

(2) A copy of a power of attorney or similarly enforceable document executed by the owner's executor, administrator, or heir designating a licensee in good standing with the board to manage the firm on behalf of the heirs of the owner for the twelve-month period.

(3) Written evidence that a disruption in the continuation of the firm would jeopardize the survivability of the firm.

B. If the firm's permit to practice as a certified public accountant firm will expire prior to the twelve-month period, the board, upon granting the right to continue business, shall renew the firm's permit for the period of continuance of the firm. The board may charge a fee for applying for the continuation of business, not to exceed the annual filing fee for firm permits charged in R.S. 37:74.1(16).

Acts 2003, No. 335, §1.