Florida Regulations 69U-105.205: Organization Expenses
Current as of: 2024 | Check for updates
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(1) The organization expenses shall be borne by the applicant. After approval of the shareholders, these expenses may be reimbursed as provided in Florida Statutes § 658.24 An accounting of the organization expenses must be provided to each subscriber and to OFR no later than the date upon which the call for payment of stock subscriptions is made.
(2) All capitalized expenses must be supported by an itemized statement from the applicant’s certified public accountant of their eligibility for capitalization.
Rulemaking Authority Florida Statutes § 655.012(3). Law Implemented 658.24, 665.013, 667.003 FS. History-New 5-24-78, Amended 6-9-81, Formerly 3C-10.041, Amended 6-20-90, Formerly 3C-10.0041, Amended 8-14-94, 4-15-98, Formerly 3C-105.205, Formerly 3C-105.205.
(2) All capitalized expenses must be supported by an itemized statement from the applicant’s certified public accountant of their eligibility for capitalization.
Rulemaking Authority Florida Statutes § 655.012(3). Law Implemented 658.24, 665.013, 667.003 FS. History-New 5-24-78, Amended 6-9-81, Formerly 3C-10.041, Amended 6-20-90, Formerly 3C-10.0041, Amended 8-14-94, 4-15-98, Formerly 3C-105.205, Formerly 3C-105.205.