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.
Utah Assignment of Business License as Security for a Loan
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Multi-State
Control #:
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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All Utah businesses must be licensed with the city or county where they are doing business. Each Utah city and county has its own licensing requirements, forms and procedures. If you're conducting business within a city's limits, check with your city government to determine licensing requirements.
In Utah, you pay a $54 LLC filing fee and file the LLC Certificate of Organization with the Division of Corporations. And a business license is a document, which gives a person, or a company, the right to transact business.
The filing fee for both in-state and out-of-state entities forming LLCs is $70. Remittance should be made payable to the state of Utah. It costs $75 to expedite the process. You may submit documents online, directly to the Division of Corporations and Commercial Code, or mail them to P.O. Box 146705.
Utah LLC Processing Times Normal LLC processing time:Expedited LLC;Utah LLC by mail:3-7 business days (plus mail time)2 business days ($75 extra)Utah LLC online:2 business daysNot available
All Utah businesses must be licensed with the city or county where they are doing business. Each Utah city and county has its own licensing requirements, forms and procedures. If you're conducting business within a city's limits, check with your city government to determine licensing requirements.
What do I need to obtain a business license? Completed the online application. Pay licensing fees and have required inspections completed. Registration with the Utah State Department of Commerce (Business Name, Corporation, LLC, Partnership) State Sales Tax Number (if applicable) Federal Tax ID Number (if applicable)