According to Article 9 from OG 65/1994 concerning the organization of the accounting expertise activity and of the licensed accountants, commercial accounting entities need to fulfill the following conditions: a) the practice of licensed accountant needs to be the main object of activity; b) the majority of shareholders and associates needs to be licensed accountants and to possess the majority of shares; c) the management council of the commercial entities needs to be elected in majority among the shareholders or licensed associate accountants; d) the shares need to be registered and any new associate or shareholder needs to be accepted by the General Assembly. If all the conditions above are fulfilled in order to register the entity at the Register of Commerce, it is necessary that the notice should be issued by CECCAR subsidiary where the society has its headquarters.