CPA Firm and Sole Proprietor Permit Renewal

Last updated Sept. 26, 2011

Firm permit renewal

While individual certificate renewal now happens every three years for CPAs, firm permit renewal is still a yearly obligation. And just like in years past, firms can only renew once all CPAs are in compliance with their individual certificates. This can cause a potential liability risk for your firm. Early certificate renewal helps ensure that a firm remains in compliance with the Minnesota Board of Accountancy (BOA).

If you submit multiple paper individual certificate renewals under one check, even one incomplete form will cause all the renewals to be considered incomplete. Most problems arise when a certificate holder submits an incomplete paper renewal. 'Incomplete' usually means the form lacks a signature or payment.

Be sure to check all individual renewal forms to ensure they are complete before mailing. If possible, have your CPAs renew online before applying for a firm permit. Online renewal is faster and reduces risk for error.

CPA firm permit renewal
The BOA will be sending CPA firm permit renewal forms by mail at the end of October. The online version of this form will be made available later in the year.
» Online form not currently available

Sole proprietor firm permit renewal

You need a firm permit if you:

• Provide attest services and issue attest reports
• Issue compilation reports
• Use the title 'Certified Public Accountant' or 'Certified Public Accountants'; the abbreviation 'CPA' or 'CPAs'; or any other title, designation, words, letters, abbreviation, sign, card or device tending to indicate the entity is a CPA firm.

Sole practitioners in Minnesota must have a firm permit, even if they are not doing compilations, audits or reviews.

If you are found violating this BOA rule 1105.4200, the BOA can take action against you. This can also cause a potential liability risk for your firm.

Sole proprietor firm permit renewal 
The BOA will be sending CPA firm permit renewal forms by mail at the end of October. The online version of this form will be made available later in the year.
» Online form not currently available

First time firm permit
First time applicants should register for a firm permit by completing the BOA's Initial Application for a Sole Proprietor Firm Permit application. 

Access BOA's Initial Application for a Sole Proprietor Firm Permit

Questions?

Specific questions regarding firm renewal or regulatory issues in general can be directed to the Minnesota BOA at 651-296-7938. You can also visit the BOA website for complete details on fees, disciplinary issues or rules.

Or contact the MNCPA membership department at 952-831-2707 x2 with questions regarding firm permits or certificate renewal. 

Helpful links

Individual certificate renewal information

CPE reporting details

MNCPA CPE Log's BOA reporting summary

Note: MNCPA membership dues are not part of the CPA certification process.