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.
Indiana Assignment of Business License as Security for a Loan
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Multi-State
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US-01467BG
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How to fill out Assignment Of Business License As Security For A Loan?
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An Indiana Vendors License can only be obtained through an authorized government agency. Depending on the type of business, where you're doing business and other specific regulations that may apply, there may be multiple government agencies that you must contact in order to get an Indiana Vendors License.
The Indiana Department of Revenue requires any business that conducts sales (retail or wholesale) within the state of Indiana be registered by obtaining a Registered Retail Merchant's Certificate (RRMC). A business tax application (BT-1) is filed along with a $25 registration fee.
Sales Tax - Retail Merchants Certificate: Any individual or business entity engaged in the selling or transferring of tangible personal property is considered a retail merchant and is required to be registered as such (by filing Form BT-1) with the Indiana Department of Revenue.
TO APPLICANTS FOR A LOAN LICENSE: If an individual or entity is taking assignment of consumer loans or undertaking direct collection of consumer loan payments in Indiana, a loan license is also required.
How to Get an Indiana Business License Register for an EIN. First, you'll need to get your Employee Identification Number, or EIN. ... Register and apply with the state or your county. ... Check with the local county unless you're an LLC or Corporation. ... Pay for your license and wait for processing.
Persons selling arts, crafts and items not suitable or intended for human consumption are retail merchants and must register and collect sales tax on such sales.
General Requirements. Indiana does not have any one single, comprehensive business license. However, all businesses operating in Indiana are subject to regulatory requirements that may involve several state agencies.
Register for an Indiana Registered Retail Merchant Certificate Online by filling out and submitting the ?State Sales Tax Registration? form. This certificate will furnish your business with a unique sales tax number (Indiana Sales Tax ID Number).