Get Petition Of Transfer Of Ownership - Mass.gov - Mass

Filling out the Petition of Transfer of Ownership is essential for ensuring a smooth transition of licenses in Massachusetts. This guide will provide clear steps to help you navigate the process effectively, whether you are transferring ownership to a corporation, LLC, or individual.

Follow the steps to successfully complete the Petition Of Transfer Of Ownership online.

1. Click the ‘Get Form’ button to access the Petition of Transfer of Ownership document. This will allow you to open the form in an online editor.
2. Fill in the ABCC license number at the top of the form. This number is crucial for identifying the specific license being transferred.
3. Indicate the city or town where the current license operates. This ensures the correct jurisdiction is recognized for the transfer process.
4. In section A, provide the name of the current licensee. You will also need to indicate if the present licensee is a corporation or LLC by selecting ‘Yes’ or ‘No’.
5. If the answer is ‘Yes’ for section A, list the officers, directors, and stockholders of the corporation or LLC. Include their addresses and the percentage of stock or shares owned by each individual.
6. In section B, enter the name of the proposed transferee. Again, indicate if this entity is a corporation or LLC by selecting ‘Yes’ or ‘No.’
7. For a ‘Yes’ response in section B, list the officers, directors, and stockholders for the proposed transferee, providing their addresses and the shares they own.
8. Ensure that all necessary signatures are obtained. This includes the signature of the last-approved licensee (an authorized representative if a corporation/LLC) and the proposed transferee.
9. Date the form in the designated area to confirm when it was signed.
10. Once all sections are completed, review the form for accuracy. You can then save your changes, download, print, or share the document as needed.

Complete your Petition Of Transfer Of Ownership online today to ensure a seamless transition.