Vermont Statutes Title 26 Sec. 73
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Terms Used In Vermont Statutes Title 26 Sec. 73
- Board: means the Board of Public Accountancy. See
- 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.
- 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.
- Practice of public accounting: means the performance or the offering to perform by a person or firm holding itself out to the public as being licensed, registered, or otherwise authorized under this chapter, for a client or potential client, of one or more kinds of services involving the use of accounting or auditing skills, including the issuance of reports on financial statements, or of one or more kinds of management advisory, financial advisory, or consulting services, or the preparation of tax returns or the furnishing of advice on tax matters. See
- State: includes the states of the United States, the District of Columbia, Puerto Rico, Guam, the U. See
§ 73. Corporations practicing public accounting
A corporation, limited liability company, partnership, or other business organization engaged in the practice of public accounting may be disciplined by the Board for the unprofessional conduct of its officers, directors, managers, members, partners, shareholders, and employees. Disciplinary action against a corporation, limited liability company, partnership, or other business organization may include recommending to the Secretary of State that involuntary dissolution proceedings be begun. (Added 1975, No. 89, § 13; amended 1981, No. 161 (Adj. Sess.), § 2; 1997, No. 40, § 10; 1999, No. 133 (Adj. Sess.), § 3.)