UK Owning majority stake in Accounting Firm if you are not a Chartered Accountant?


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Hi there,

I am thinking about starting an accounting firm with a uni friend, where we are going to split the equity 60% (since I am going to invest the most money upfront for the business) for me and 40% for me, however, I have the majority of the equity but I am not a chartered accountant but on the other hand the other director is a chartered accountant.

I was wondering if legally we can do this in the UK with ACCA's strict compliance rules.

Regards,

James
 
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Drmdcpa

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I need to clarify, you can establish a business in the USA wherein non-licensed persons are majority owners that employ licensed individuals. But the firm cannot be licensed or advertise itself in any way to give the idea that it is a licensed firm.
 

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