Dabc License Transfer of 51% or More Ownership of an Existing Entity - Utah

Dabc License Transfer of 51% or More Ownership of an Existing Entity is a legal document that was released by the Utah Department of Alcoholic Beverage Control - a government authority operating within Utah.

FAQ

Q: What is a Dabc License Transfer?
A: Dabc License Transfer refers to the process of transferring the ownership of an existing entity with a liquor license in Utah.

Q: What does it mean to transfer 51% or more ownership?
A: Transferring 51% or more ownership means that the majority ownership of the entity is being transferred to a new owner.

Q: Why would someone transfer a Dabc License?
A: A Dabc License may be transferred when there is a change in ownership of the entity holding the license.

Q: Who needs to be involved in the license transfer process?
A: The existing entity, the new owner(s), and the Utah Department of Alcoholic Beverage Control (DABC) need to be involved in the license transfer process.

Q: What is the role of the Utah Department of Alcoholic Beverage Control (DABC) in the license transfer?
A: The DABC is responsible for reviewing and approving the license transfer application.

Q: Are there any fees associated with the license transfer?
A: Yes, there are fees associated with the license transfer. The specific fee amount will vary depending on the circumstances.

Q: Are there any requirements or qualifications for the new owner(s) in a license transfer?
A: Yes, the new owner(s) must meet all the requirements and qualifications set by the DABC.

Q: Is there a specific application form for the license transfer?
A: Yes, there is a specific application form that needs to be filled out for the license transfer. It can be obtained from the DABC.

Q: How long does the license transfer process take?
A: The length of the license transfer process can vary. It is recommended to contact the DABC for more information on the timeline.

Q: Is it possible to transfer a Dabc License without transferring 51% or more ownership?
A: Yes, it is possible to transfer a Dabc License without transferring 51% or more ownership. This would require a different type of license transfer process.