If any executive or owner of a professional organization becomes legally disqualified to render a professional service within this state or accepts employment or is elected to a public office that, pursuant to existing law, is a restriction or limitation upon rendering of professional service, that individual shall sever all employment with or financial interest in the professional organization. A professional organization’s failure to comply or require compliance with this section is a ground for the forfeiture of its right to render professional service as a professional organization pursuant to this chapter.