House Bill 4654 (Public Act No. 132) signed by the governor and effective October 15 amends the Business Corporation Act to permit a professional corporation to practice public accounting if more than 50% of the PC’s equity and voter rights were held directly or beneficially by individuals licensed or otherwise authorized to practice public accounting under Article 7 of the Occupational Code.  The bill text can be accessed here.

Michigan – Professional corporations may practice public accounting under certain guidelines as of October 15