The partners shall bear joint liabilities as to the obligations of the public accounting firm.
Article 24 A public accounting firm conforming to the following requirements may be a legal person with limited liabilities:
(1) having a registered capital of no less than 300 000 yuan;
(2) employing a certain number of full-time professionals, among whom there must be at least five certified public accountants; and
(3) satisfying the business scope and other requirements as stipulated by the financial department of the State Council.
Public accounting firms with limited liabilities shall bear obligations with their total assets.