Certified Public Accountants, or CPAs, can choose to work as an employee of a company or start their own firm. Many have chosen to do the latter. If you’re a CPA who’s planning to start your own accountancy corporation, read through this article to learn how to structure a small accounting firm the right way in California.
What exactly is an Accountancy Corporation? Keep reading to find out!
What is an Accountancy Corporation?
An accounting firm is a form of a professional corporation. It is legally registered with the California Secretary of State, to engage in the business of providing CPA services in line with the accountancy profession.
What Government Agency Regulates Accounting Firms?
The California Corporation Code § 13401(b) requires all professional corporations to register with the government agency that manages their respective professions. A CPA firm that desires to practice accountancy in California must be approved for licensure by the California Board of Accountancy (CBA) before holding out to the public as an accountancy corporation.
