Fla. Admin. Code Ann. R. 61G4-15.0021 - Business Organizations
(1) For purposes
of this rule practice as an individual is considered practice as a business
organization. After the licensee qualifies one business organization, any
request to qualify another business organization is subject to approval by the
Board.
(2) If the business
organization has a financially responsible officer, the financially responsible
officer shall comply with the requirement of subsection
61G4-15.006(1),
F.A.C., and shall provide to the Department a bond or irrevocable letter of
credit, in the amount of $100, 000 payable to the Board for fines and
costs.
(3)
(a) The applicant seeking to qualify an
additional business organization must appear before the Board unless the
applicant otherwise qualifies for approval, and:
1. The applicant owns 20% or greater of the
proposed business organization; or
2. The applicant demonstrates unequivocally
that the applicant has been hired as a W-2 employee of the proposed
business.
(b) Any
applicant applying to qualify an additional business organization that will
result in the applicant qualifying three or more business organizations must
appear before the Board.
(4) Qualification of a business organization
is only effective as to that business organization; subsidiaries or parents of
qualified business organizations must be separately
qualified.
Notes
Rulemaking Authority 489.108 FS. Law Implemented 489.103, 489.105, 489.115, 489.119, 489.1195 FS.
New 12-6-83, Formerly 21E-15.021, Amended 3-29-88, 8-8-88, 9-24-92, 12-28-92, Formerly 21E-15.0021, Amended 7-18-94, 7-5-95, 11-12-95, 2-6-96, 7-1-96, 9-3-96, 11-27-96, 11-13-97, 9-15-98, 7-7-05, 1-23-06, 10-22-06, 2-12-08, 12-13-09, 2-28-19, 10-2-19, 4-13-22.
State regulations are updated quarterly; we currently have two versions available. Below is a comparison between our most recent version and the prior quarterly release. More comparison features will be added as we have more versions to compare.
No prior version found.