Arizona Assignment of Business License as Security for a Loan

State:
Multi-State
Control #:
US-01467BG
Format:
Word; 
Rich Text
Instant download

Description

A license authorizes the holder to do something that he or she would not be entitled to do without the license. Licensing may be directed toward revenue raising purposes, or toward regulation of the licensed activity, or both. Statutes frequently require that a person obtain a license before practicing certain professions such as law or medicine, or before carrying on a particular business such as that of a real estate broker or stock broker. If the license is required to protect the public from unqualified persons, an assignment of that license to secure a loan would probably not be enforceable.

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  • Preview Assignment of Business License as Security for a Loan
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FAQ

Business License - Arizona does not issue nor require a state business license, however, most city/town offices issue business licenses.

License Services The city does not issue a general business license. Only certain activities are regulated and require a license or require a recommendation/approval from the City.

The price of a business license or permit can vary depending on the type of license, business location, processing fees and recurring fees. Phoenix charges an application fee from $24 up to $1,665 and a license/permit fee between $10 and $360, depending on the type of business.

License Services The city does not issue a general business license. Only certain activities are regulated and require a license or require a recommendation/approval from the City.

Effective January 1st, 2019 business licenses are no longer required or issued by the City of Maricopa, with the exception of Regulated Businesses. This does not eliminate any other city/county/state/permitting requirements.

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Arizona Assignment of Business License as Security for a Loan