1. (a) A new business license under 12 AAC 12.030 is required if

   1. (1) the name of the business changes, unless the change is limited to the addition or removal of a

      1. (A) professional title of a business owner used in the name of the business; or
      2. (B) word describing the legal form of organization of the business and the ownership of the business has not changed; or
   2. (2) the ownership of the business changes.

2. (b) If a business license holder submits updated information on a form provided by the department, with the name, title, and signature or electronic signature of the natural person providing the information as an authorized representative of the business, the department will update a business license to show a change in

   1. (1) the business license holder's legal name; or
   2. (2) the business name as described in (a)(1)(A) or (B) of this section.
3. (c) A business license is not transferable or assignable.

4. (d) A business license holder may request a new business license under AS 43.70.030(e)(2) within 30 days after issuance of the initial business license if when preparing the license application the holder

   1. (1) in error placed information in the wrong place on the application; or

   2. (2) made an error in entering information; in this subparagraph, "error"

      1. (A) means a typographical or similar non-substantive mistake;
      2. (B) includes a spelling error or an error in identifying a primary or secondary line of business.
5. (e) At any time during the life of a business license, the department will update the mailing or physical address at no charge upon the license holder's request.

(Eff. 11/4/98, Register 148; am 3/26/2015, Register 213)

Authority: AS 08.01.080, AS 43.70.020, AS 43.70.030, AS 43.70.090