(1) Nothing shall prevent a professional limited liability company, or a professional corporation from performing or holding itself out as able to perform any of the services involved in the practice of architecture, provided that:

(a) two-thirds of the total managers (if a professional limited liability company), or directors (if a professional corporation) are registered under the laws of any United States jurisdiction or any foreign jurisdiction approved by the board as architects or engineers; and

(b) one-third of the total managers or directors are registered as architects in Montana.

(2) All licensees who enter into partnerships, limited partnerships or profit corporations, subchapter S corporations, or any other form of business entity in which their professional talent and service are utilized, shall file with the board office a statement of the existence of the business entity and the licensee's relationship to it.