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Chapter 701 of the laws of 2023 pertaining to ownership of CPA Firms

Chapter 701 of the Laws of 2023, which allows for non-licensees to be minority owners of CPA firms, was signed by the Governor on December 8, 2023.  There was a chapter amendment to the legislation that includes an effective date of June 8, 2024. Please visit our answers to frequently asked questions, and new forms that were developed and posted to the Registration of Public Accounting Firms web-page. Please email the Professional Corporations Unit with any specific questions at OPCORP@nysed.gov.