How To Transfer a Liquor License in Ohio
If you found this article, you may be wondering how to properly transfer a liquor license in Ohio. To begin, you should know that in Ohio, a liquor license cannot be transferred by itself – but must be transferred along with assets and goodwill of an existing business. Ohio Administrative Code 4301:1-1-14 governs these transfer and states:
a transfer must be in connection with the bona fide sale of the business or personal property assets of such permit holder and the other person and the location meet all other requirements under rule and law.
Well it’s not exactly clear how many assets must be transferred to qualify as a bona fide sale, most asset transfers include things such as stock and inventory, tables and chairs, and other food or beverage equipment. The key is that you cannot just sell a permit – but instead must compensate the seller for the assets that are transferred along with the permit. In general, there are 5 main categories of liquor license transfers:
- Transfer of ownership at the same location;
- Transfer of location of an existing business;
- Transfer of ownership and location;
- Transfer of shares of stock in a corporation;
- Transfer of membership interest in a limited liability company.
About the Authors: Sawan & Sawan is a Toledo, Ohio based Personal Injury, Civil Litigation, Truck Accident, Car Accident and Insurance Law Firm with lawyers licensed to practice in Ohio, Florida, Michigan and Georgia.
Contact an Attorney today to discuss your case.
At Sawan & Sawan, we offer free initial consultations. We represent clients in Ohio, Georgia, Michigan and Florida. From our family to yours.
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There are ten main steps in the transfer of a liquor license. Since the regulatory process can be confusing to first time buyers and sellers, we recommend seeking legal counsel to aid in the transfer process. In sum, the 10 steps for the transfer of a liquor license is as follows:
Step 1
Step 2
Step 3
Step 4
Step 5
Step 6
Step 7
Step 8
Step 9
Step 10
Dennis E. Sawan
Licensed in Ohio and Florida
Dennis P. Sawan
Licensed in Ohio and Georgia
Christopher A. Sawan
Licensed in Ohio and Michigan
Contact an Attorney today to discuss your case.
At Sawan & Sawan, we offer free initial consultations. We represent clients in Ohio, Georgia, Michigan and Florida. From our family to yours.
Request A Call
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