ARSD 20:75:03:08.01. Firm permit renewal -- Fees

In order to renew the permit, a firm required to hold a permit pursuant to SDCL 36-20B-32.1 shall: (1) Apply to the board on a form provided by the board and containing the following: (a) The name of the firm; (b) Whether the firm is a sole proprietorship, partnership, or corporation; (c) The address of the firm; (d) The total percentage of equity ownership and the voting rights of the licensees in the firm; (e) The name of the resident manager of the firm; (f) The type of peer review program in which the firm participates; and the date and results of the last review; and (g) Any state in which the firm has applied for, or holds, a permit as a Certified Public Accountant firm, and any past denial, revocation, or suspension, of a permit by a state; and (2) Pay the permit renewal fee of one hundred dollars for each firm in this state required to hold a permit pursuant to SDCL subdivision 36-20B-32.1(1) or (2), or for each firm exercising practice privileges in this state required to hold a permit pursuant to SDCL subdivision 36-20B-32.1(3), plus: (a) For firms with one to nine owners, seventy-five dollars per owner; (b) For firms with ten to fifteen owners, one thousand dollars; (c) For firms with sixteen to twenty-five owners, one thousand five hundred dollars; (d) For firms with twenty-six to sixty owners, two thousand dollars; (e) For firms with sixty-one to one hundred owners, two thousand five hundred dollars; and (f) For firms with one hundred one or more owners, three thousand dollars. For a renewal application that is not received by the board by August first, postmarked by August first, or, if completed on the internet, submitted on or before 11:59 p.m. Central Time on August first, the firm must pay an additional one-hundred-dollar late fee. Failure to receive a renewal notice does not constitute an adequate reason for failing to renew the permit in a timely manner. Online submission of a renewal application constitutes the firm's signature and verification of the information submitted.