When ownership changes, how should licensees comply?

• A. Notify licensing authority, complete required forms, and await approval for license transfer.
• B. Post a sign at the entrance about ownership change.
• C. Refrain from any actions for 6 months.
• D. Transfer the license immediately without notification.

Answer: (A)

Ownership changes require official action with the licensing authority: when ownership changes, the licensee must notify the licensing authority, complete the required transfer forms, and await approval before the license can be held by the new owner. This process ensures the new owner meets qualifications and that the license remains properly issued under the law. Simply posting a sign at the entrance does not satisfy transfer requirements, there is no automatic waiting period of six months, and transferring immediately without notification would violate the rules and could jeopardize the license.