18 Va. Admin. Code § 50-22-210

Current through Register Vol. 40, No. 19, May 6, 2024

Section 18VAC50-22-210 - Change of business entity requires a new license

Licenses are issued to firms as defined in this chapter and are not transferable. Whenever the legal business entity holding the license is dissolved or altered to form a new business entity, the original license becomes void and shall be returned to the board within 30 days of the change. Additionally, the firm shall apply for a new license, on a form provided by the board, within 30 days of the change in the business entity. Such changes include but are not limited to:

1. Death of a sole proprietor;

2. Death or withdrawal of a general partner in a general partnership or the managing partner in a limited partnership; and

3. Conversion, formation, or dissolution of a corporation, a limited liability company, or an association or any other business entity recognized under the laws of the Commonwealth of Virginia.

18 Va. Admin. Code § 50-22-210

Derived from VR220-01-2:1 § 5.2, eff. March 31, 1995; amended, Virginia Register Volume 17, Issue 21, eff. September 1, 2001; Volume 29, Issue 3, eff. December 1, 2012.

Statutory Authority

§§ 54.1-201 and 54.1-1102 of the Code of Virginia.