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If we convert the partnership to a corporation or other business structure, e.g., a corporation, can the “new” business structure continue to use any licenses or permits held by the partnership?

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If we convert the partnership to a corporation or other business structure, e.g., a corporation, can the “new” business structure continue to use any licenses or permits held by the partnership?

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Likely not. A different business structure is a separate legal entity from the general partnership. Licenses are not usually transferable from one business structure to another. Consult legal counsel or the agency that issued the license.

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