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.
Oklahoma Assignment of Business License as Security for a Loan
Category:
State:
Multi-State
Control #:
US-01467BG
Format:
Word;
Rich Text
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How to fill out Assignment Of Business License As Security For A Loan?
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FAQ
If your business will sell a product, you will need a Sales or Use Tax Permit from the Oklahoma Tax Commission (OTC). Register for a sales or use tax permit through the OTC application portal ? this step costs $20 plus a handling fee.
In Oklahoma, there is no general license required to start or own a business. However, for specific types of businesses and occupations, licenses, permits, or special registrations and filings may be required before opening or operating.
Oklahoma State Business License Fee: $20 You'll need to create an account in order to apply for your permit. The permit costs $20 (plus any applicable credit card processing fees) and is good for three years, at which point it will need to be renewed.
If you are forming an LLC, partnership, non-profit, etc., you must file your business with the Oklahoma Secretary of State. As a registered business, you can legally sell goods or services in Oklahoma.
Your business needs to be licensed to legally operate. It is your responsibility, before engaging in any new business in the City of Oklahoma City, to obtain all necessary federal, state or local licenses or permits.