NAC628.150. Affiliations of proprietorships, partnerships, limited-liability companies and corporations.

     1. Proprietorships, partnerships, limited-liability companies and corporations holding certificates of registration to practice as certified public accountants may affiliate with other partnerships, partnerships of partnerships, limited-liability companies or corporations for the practice of public accounting if all proprietors, partners, members or shareholders of the affiliated firms in the practice of public accounting in the United States or its territories are:

     (a) Certified public accountants in good standing in some other state or territory of the United States;

     (b) Persons who are the holders of an equivalent certificate then in effect issued by a foreign country who meet the requirements set forth in subsection 2 of NRS 628.310; or

     (c) Persons who meet the requirements set forth in subsection 5 of NRS 628.325.

     2. Proprietorships, partnerships, limited-liability companies and corporations holding permits to practice as public accountants may affiliate with other partnerships, partnerships of partnerships, limited-liability companies or corporations for the practice of public accounting if all proprietors, partners, members or shareholders of affiliated firms regularly engaged in the practice of public accounting in this State are public accountants or certified public accountants holding a live permit in this State and all other proprietors, partners, members or shareholders of the affiliated firms in the practice of public accounting in the United States or its territories are:

     (a) Certified public accountants in good standing in some other state or territory of the United States;

     (b) Persons who are the holders of an equivalent certificate then in effect issued by a foreign country who meet the requirements set forth in subsection 2 of NRS 628.310; or

     (c) Persons who meet the requirements set forth in subsection 5 of NRS 628.325.

     [Bd. of Accountancy, Art. 6 §§ 2 & 3, eff. 5-13-82]—(NAC A 12-13-96; R169-99, 12-13-99)