Transfer Master Business License
Forums - Managing a Business
Join discussions with other like-minded business owners and entrepreneurs.

Transfer Master Business License

Landing Page Forums Managing a Business Transfer Master Business License

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

Viewing 3 posts - 1 through 3 (of 3 total)
  • Author
    Posts
  • #2582
    Avatar of JanetP
    JanetP
    Member

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

    #2583
    Avatar of Robert
    Robert
    Member

    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.

    #2911
    Avatar of Anthony
    Anthony
    Moderator

    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.

Viewing 3 posts - 1 through 3 (of 3 total)

You must be logged in to reply to this topic.