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.
Puerto Rico Assignment of Business License as Security for a Loan
Category:
State:
Multi-State
Control #:
US-01467BG
Format:
Word;
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How to fill out Assignment Of Business License As Security For A Loan?
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FAQ
To start a corporation in Puerto Rico, you'll need to do three things: appoint a registered agent, choose a name for your business, and file Certificate of Incorporation with the Department of State. You can file online or by mail. The certificate costs $150 to file.
Steps You Can Take to Get Your Driver's License in Puerto Rico Step 1: Make an appointment with CESCO. Step 2: Gather all the required documents. Step 3: Complete the required forms. Step 4: Purchase stamps. Step 5: Pass an online test. Step 6: Register your car.
Puerto Rico LLC Cost. The initial cost to start an LLC in Puerto Rico is $250 to register your business with the Department of State. After that, you'll have a yearly recurring cost of $150 for your Annual Fee, which keeps your LLC current with the state.
Application for Registration CostDescriptionDownload$150.00 o 5.00Foreign Corporation - Certificated of Authorization to do businessDownload$150.00Close CorporationDownload$150.00Professional CorporationDownload$110.00Limited Liability SocietyDownload2 more rows
You can apply for this Single Use Permit through the Puerto Rico Permits & Endorsements Management Office, also known as the OGPE (the Spanish acronym). Apply online via the Single Business Portal.