If ownership changes, to whom should the licensee notify?

• A. The customers
• B. The issuing authority
• C. The local police
• D. The tax agency

Answer: (B)

When ownership changes, the license must be reported to the issuing authority—the government body that issued the license. This body is responsible for approving transfers or reissuing licenses to the new owner, ensuring the new owner meets all regulatory requirements and that the operation remains lawful. Without notifying the issuing authority, the license could be considered invalid or noncompliant.

Customers don’t have regulatory authority over licensing and don’t need to be told about ownership changes. The local police may be involved in enforcement or background checks, but they are not the agency that approves or transfers licenses. The tax agency handles tax matters, not the license itself. The formal process centers on the issuing authority to maintain proper authorization and compliance.