How to Purchase a Liquor License From a Pre-Existing Business
If you are buying a business that sells liquor, you will need a liquor license. If the existing business already has a liquor license, there are steps that you can take to buy that company's license. However, you must know the proper procedure so that everything is done legally and as required by the licensing committee.
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Things You'll Need
- New application for liqour license State tax stamp Sales tax stamp (ATF)
Instructions
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Start by checking to make sure that there are no liens against the liquor license. This can be done by contacting the local court clerk's office that handles liquor licenses. If a business owner has defaulted on any debts pertaining to the business, the creditor will place a lien against the license. You must make sure that the license is free and clear of any liens or you will be held liable for them if you take over the license.
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Fill out paperwork required by the court clerk for the license transfer. You will need to pay any licensing fees, which are due annually to keep the license in good standing.
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File the necessary paperwork with the licensing committee for approval. In order for the transfer to take place, all property taxes must be up to date.
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Apply for your state tax stamp and sales tax stamp from Bureau of Alcohol, Tobacco, Firearms and Explosives.
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Tips & Warnings
The pre-existing license is sold with the business, but the new owner still has to be accepted by the licensing committee to hold the license.
