Transfer Master Business License
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Transfer Master Business License

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This topic contains 2 replies, has 3 voices, and was last updated by Avatar of Anthony Anthony 5 years, 3 months ago.

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  • #2582
    Avatar of JanetP

    I have a sole proprietorship and I am selling my business. How can I transfer my Master Business License to the new owner?

    Avatar of Robert

    As a sole proprietorship you can not transfer the Master Business License from one person to another. The new owner will need to register for a new Master Business License (Depending on the province he or she may require a letter from you giving the ok to use the name if they are planning to keep the same name) Once this is done you will need to cancel your Master Business License.

    Avatar of Anthony

    You can sell the business assets to the new owner, but they will have to register the business name again themselves.

    If you have trademarks related to the business name, you should make some kind of agreement to transfer ownership of those marks, or to license those trademarks.

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