Section 5061 (a) of california’s business and professions code states that "a person engaged in the practice of public accountancy shall not . . pay a fee or commission to obtain a client." you are a young cpa who wants to purchase the professional practice of a cpa located in california who is about to retire. because you do not have much capital, you tentatively have agreed to pay the retiring cpa an amount equal to "20% of the client fee revenues generated over the next two years." does this arrangement violate california law?
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Section 5061 (a) of california’s business and professions code states that "a person engaged in the...
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