Section 12.04.280. Applications for permits and renewal of permits.

	(a)  A partnership, corporation, limited liability company, or other legal entity whose principal place of business is in this state shall apply for a permit and must meet the requirements of AS 08.04.240 and (c) of this section.  
	(b)  A partnership, corporation, limited liability company, or other legal entity whose principal place of business is out-of-state, and that is authorized to practice public accounting in the other state but does not have a permit to practice public accounting in this state, shall apply for an out-of-state permit and must meet the requirements of AS 08.04.421(a) and (c) of this section, unless exempt under AS 08.04.241(b) or (c).  
	(c)  An applicant for a permit under AS 08.04.240 or for an out-of-state permit under AS 08.04.421 must submit  
		(1) a complete application on a form provided by the department;  
		(2) the applicable fees required in 12 AAC 02.340;  
		(3) verification of the current authorization in good standing of the partnership, corporation, limited liability company, or other legal entity to practice public accounting in this state or another state; and  
		(4) verification that the qualifications required by the other state are substantially equivalent to the national standard under 12 AAC 04.285(a).  
	(d)  A permit or an out-of-state permit is valid for the biennial license period for which it was issued.  
	(e)  A permit issued under AS 08.04.240 and this section or an out-of-state permit issued under AS 08.04.421 and this section will be renewed for subsequent biennial license periods if the holder of the permit submits  
		(1) a renewal application on a form provided by the department;  
		(2) the applicable fees required in 12 AAC 02.340; and  
		(3) certification that the holder of the permit continues to meet the requirements of AS 08.04.240 or the holder of the out-of-state permit continues to meet the requirements of AS 08.04.421.  

Authorities

08.04.070;08.04.240;08.04.421

Notes

Authority

AS 08.04.070 AS 08.04.240 AS 08.04.421

History

Eff. 8/14/87, Register 103; am 1/1/2008, Register 184; am 8/1/2012, Register 203