Nevada Revised Statutes 628.315 – Natural person licensed as certified public accountant or certified public accounting firm registered in another state: Practice privileges in this State; certificate, permit or registration not required; consent to …
1. Except as otherwise provided in this chapter, a natural person who holds a valid license in good standing as a certified public accountant or a certified public accounting firm organized as a partnership, corporation, limited-liability company or sole proprietorship that holds a valid registration in good standing from any state other than this State shall be deemed to be a certified public accountant or a certified public accounting firm for all purposes under the laws of this State other than this chapter.
Terms Used In Nevada Revised Statutes 628.315
- Corporation: A legal entity owned by the holders of shares of stock that have been issued, and that can own, receive, and transfer property, and carry on business in its own name.
- Jurisdiction: (1) The legal authority of a court to hear and decide a case. Concurrent jurisdiction exists when two courts have simultaneous responsibility for the same case. (2) The geographic area over which the court has authority to decide cases.
- Partnership: A voluntary contract between two or more persons to pool some or all of their assets into a business, with the agreement that there will be a proportional sharing of profits and losses.
- person: means a natural person, any form of business or social organization and any other nongovernmental legal entity including, but not limited to, a corporation, partnership, association, trust or unincorporated organization. See Nevada Revised Statutes 0.039
2. A natural person or certified public accounting firm granted practice privileges pursuant to subsection 1 is not required to obtain, as applicable:
(a) A certificate pursuant to NRS 628.190;
(b) A permit pursuant to NRS 628.380; or
(c) A registration pursuant to NRS 628.335.
3. A natural person granted practice privileges pursuant to subsection 1 and a partnership, corporation, limited-liability company or sole proprietorship that employs such a natural person or a certified public accounting firm granted practice privileges pursuant to subsection 1 shall be deemed to consent, as a condition of the grant of such practice privileges:
(a) To the personal and subject matter jurisdiction, and disciplinary authority, of the Board.
(b) To comply with the provisions of this chapter and the regulations of the Board.
(c) That, in the event that the license or registration from the state wherein the principal place of business of the natural person or certified public accounting firm is located becomes invalid or not in good standing:
(1) The natural person will cease offering or engaging in the practice of public accounting in this State individually and on behalf of a partnership, corporation, limited-liability company or sole proprietorship; or
(2) The certified public accounting firm will cease offering or engaging in the practice of public accounting in this State.
(d) To the appointment of the state board that issued the license or registration as the agent upon whom process may be served in any investigation, action or proceeding by the Board relating to:
(1) The natural person or the partnership, corporation, limited-liability company or sole proprietorship that employs the natural person; or
(2) The certified public accounting firm.