How Do Corporate Officer Changes Affect My Liquor License?

When a liquor license is issued to entity such as a corporation or LLC, changes of corporate officers or key personnel must be reported to the ABC. Under California law, you have 30 days to report these changes to the ABC or face potential fines and/or suspensions.  Some of the events that trigger this mandatory notification could be:

  • Adding a shareholder
  • Change or addition to corporate officers
  • Change or addition to managing partners
  • Change or addition of a member in an LLC

It is very common for businesses to forget to notify the ABC when these changes are made and the ABC tends to show leniency IF the business comes forward and makes the necessary notifications.  However, if the ABC discovers there are unreported changes, they could take action against the licensee.

If you are unsure about whether or not you are required to update the ABC, or if you are late in doing so, please contact our office.  We’d be glad to assist you.

The video below provides more information.

 

Filed under: Liquor License Updates

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