Sole Proprietors

Sole Proprietors (a) Every sole proprietorship having an office in Mississippi while engaged in the practice of public accountancy in this state (whether full or part time) must register as a CPA firm with the Board. Sole proprietors whose principal place of business is outside Mississippi shall register as a CPA firm with the Board if performing services as defined per Mississippi Code of 1972, Section 73-33-17(4), including: (1) any financial statement audit or other engagement to be performed in accordance with Statements on Auditing Standards; (2) any examination of prospective financial information to performed in accordance with Statements on Standards for Attestation Engagements; (3) any engagement to be performed in accordance with PCAOB Auditing Standards. (b) Death of a Sole Proprietor. Upon written authorization from the executive director, a sole proprietorship may continue to operate for a period of up to 12 months following the death of the sole proprietor. The executive director, subject to ratification by the Board at the next Board meeting, may permit the continued operation of the sole proprietorship when the following has been provided: (1) a copy of the sole proprietor's death certificate; (2) a copy of the power of attorney from the sole proprietor's executor, administrator, or heir designating a CPA licensee or registration holder in good standing with the Board to manage the sole proprietorship on behalf of such party. When such party is not a licensee or registration holder, the power of attorney must authorize a licensee or registration holder to manage the sole proprietorship on behalf of such party; and (3) written evidence that a disruption in the continuation of the sole proprietorship would jeopardize the survivability of the firm.