In the event of the revocation or suspension of the license issued to any partner of a partnership, to any member of a limited liability company, or to any officer of a corporation, the license issued to such partnership, limited liability company, or corporation shall be revoked by the commission unless, within a time fixed by the commission, where a partnership or limited liability company, the connection therewith of the partner or member whose license has been revoked is severed and such person's interest in the partnership or limited liability company and such person's share in its activities brought to an end or, where a corporation, the offending officer is discharged and shall have no further participation in its activities.