Rhode Island 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
  • Preview Assignment of Business License as Security for a Loan
  • Preview Assignment of Business License as Security for a Loan
  • Preview Assignment of Business License as Security for a Loan

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FAQ

A Rhode Island 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 a Rhode Island Vendors License.

How Much Does a Sales Tax Permit in Rhode Island Cost? If applying through the Rhode Island website for your sales tax permit, there is a $10 charge that must be paid at registration with a credit card. If applying via a paper application, you will need to attach a $10 check payable to the state of Rhode Island.

In Rhode Island, there is no paperwork required to become a sole proprietor and no associated fee. If you want to operate under a name other than your own, you can file a Fictitious Business Name application and pay a $10 fee, but this is not required. You can start a sole proprietorship today with no formalities.

A Copyright Mortgage is usually used by a bank to acquire a lien on the copyright of a film. This document can be used by anyone loaning money or goods to a production and want to have a lien on the copyright to ensure that the producer repays the obligation.

License applications can be downloaded ( ). The applicant must provide five years of employment and address history. An individual pays $400 for licensure. This is in addition to the $35 that must be paid for the background check.

Not every Rhode Island business needs a license. However, many types of businesses either can or must get one or more license or permits. Apart from certain professional and occupational licenses (see below), a business may need a license or permit for so-called commercial purposes or in order to sell certain items.

Rhode Island requires businesses to obtain any necessary licenses before starting operations. Many businesses will need to obtain a Permit to Make Sales at Retail from the State of Rhode Island Division of Taxation. Most business structures will also have to register with the Rhode Island Department of State.

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Rhode Island Assignment of Business License as Security for a Loan