What if a licensee wishes to change his name, business location or ownership?
All licenses are nontransferable. A licensee shall give 30 days prior written notification to the Office of Financial Institutions of any change in name, business location or any ownership changes of 25 percent or more of its outstanding voting securities or equity ownership. A change in ownership of more than 50 percent shall require the acquiring person to apply for a new license.
Related Questions
- If I have a Local Business Tax Receipt and move to a new location, change businesses name or ownership, do I need a new Local Business Tax Receipt?
- Once a license is obtained, can the licensee conduct business at a location other than what appears in the Bureaus records?
- What if a licensee wishes to change his name, business location or ownership?
