Are you aware of the varying requirements across your license
population when it comes to a merger, acquisition or other
restructuring? Do you know what it takes to successfully transfer
your tax, business and operational licenses during a restructuring
event?
License transitions can be massive in scale, immediate in pace
and overwhelming in nature. With countless licenses across federal,
state and local jurisdictions, the requirements for complying with
changes caused by a business event will vary across your license
population.
The type of action required will depend on several factors,
including:
1. Type of change
Do you have a stock transfer or asset sale? While an asset sale
often requires a new license, there is a common misconception that
a stock sale does not require any action. In fact, there are many
instances where a stock transfer can trigger the need to supply
licensing authorities with additional information or apply for a
new license
