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The non-CPA owners cannot hold themselves out as a CPA or PA, have pleaded guilty to or been convicted of a felony, or be in violation of any State Board regulation regarding the character or conduct of a qualified nonlicensee who is the owner of an equity interest in a firm.
Non-CPA owners must have graduated with a baccalaureate or higher degree from a college or university approved by the Pennsylvania Department of Education; and comply with all applicable provisions of the CPA statute and the regulations of the State Board; and be the principal occupation of the individual and shall be in the nature of providing services to the firm or clients of the firm and not solely as an investor or in another commercial or passive capacity.
The CPA's name does not have to have to be in the firm name. I hope this helps you. Regards, Damien
thank you for your great advice!! Is your answer applied to only professional corproation type or other type (ex. LLC) ? thanks