{"data":{"id":"us-va/18vac48-50-170","jurisdiction":"us-va","citation":"18VAC48-50-170","heading":"Change of business entity requires a new license","body":"A. Licenses are issued to firms as defined in this chapter and are not transferable. Whenever the legal business entity holding the license is dissolved or altered to form a new business entity, the license becomes void and shall be returned to the board within 30 days of the change. Such changes include but are not limited to:\n\n1. Cessation of the business or the voluntary termination of a sole proprietorship or general partnership;\n\n2. Death of a sole proprietor;\n\n3. Formation, reformation, or dissolution of a general partnership, limited partnership, corporation, limited liability company, association, or any other business entity recognized under the laws of the Commonwealth of Virginia; or\n\n4. The suspension or termination of the corporation's existence by the State Corporation Commission.\n\nB. When a new firm is formed, the new firm shall apply for a new license on a form provided by the board before engaging in any activity regulated by Chapter 23.3 (§ 54.1-2345 et seq.) of Title 54.1 of the Code of Virginia or the regulations of the board.","path":["Title 18. Professional And Occupational Licensing","Agency 48. Common Interest Community Board","Chapter 50. Common Interest Community Manager Regulations","Part V. Standards of Conduct and Practice"],"source_url":"https://law.lis.virginia.gov/admincode/title18/agency48/chapter50/section170/","current_through":"2026 Regular Session (effective July 1, 2026)","vintage":"","retrieved_at":"2026-09-14T04:52:34Z","sha256":"484575a11396266d9cdcf3529e7faf24de6019322c6128dcf26edaeacaf6b5f1","source_id":"us-va-vac","stale":false,"prev":"us-va/18vac48-50-160","next":"us-va/18vac48-50-180"},"notice":"GroundRules: Original legal text. Not legal advice."}