Recognition of insolvency professional entities requires board approval, compliance filings, annual fee payment and joint liability for partners' acts. Recognition is granted where the Board finds an applicant eligible; the Board may communicate prima facie objections and require explanation before granting or rejecting recognition in Form D. Recognition is subject to continuing eligibility, notification to the Board (and agency where enrolled) of director/partner changes in the prescribed form, annual payment of a turnover-based fee with a Form G statement, submission of an annual compliance certificate, and joint and several liability for partners' or directors' acts or omissions.