The bill amends West Virginia Code §30-9-30, which pertains to accounting corporations. It continues the existence of all accounting corporations created prior to July 1, 2001, and allows certified public accountants or public accountants to organize and become shareholders of accounting corporations within the state under specified rules. The Secretary of State is responsible for issuing a certificate of incorporation once the necessary authorization and compliance with relevant provisions are met.

A significant change in the bill is the specification that the corporate name of an accounting corporation must include the words "accounting corporation" or the abbreviation "A.C." Additionally, the bill explicitly prohibits the use of terms such as "company," "corporation," or "incorporated," or any other words or abbreviations that suggest the corporation is anything other than an accounting corporation. This aims to ensure clarity and consistency in the naming of accounting corporations in West Virginia. The bill is set to take effect on July 1, 2026.

Statutes affected:
Introduced Version: 30-9-30
Enrolled Version: 30-9-30