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.
Kentucky 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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Word;
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How to fill out Assignment Of Business License As Security For A Loan?
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Kentucky doesn't have a statewide business license that applies to all businesses, but certain types of businesses are required to have a special license or permit to operate legally. In some cases, more than one state license may be required.
Kentucky has a variety of strengths that make it the best place to do business in the U.S., from low utility costs to unmatched logistical advantages. Check out just a few of the reasons the Bluegrass State is the right place to grow your business.
Registration with the Secretary of State and Department of Revenue In order to legally conduct business in Kentucky most businesses are required to register with the Kentucky Secretary of State and the Department of Revenue.
To register for a Kentucky Sales Tax Permit, you can apply at the Department of Commerce's online Kentucky Business One Stop portal, or with Form 10A100, the Kentucky Tax Registration Application.
Ing to KRS 141.010(25), ?doing business? in Kentucky includes but is not limited to: Being organized under the laws of Kentucky. Having a commercial domicile in Kentucky. Owning or leasing property in Kentucky.