What do I do if I have a change in FIN/EIN/SSN due to business restructuring or purchase of the business?

New License Not Required

If a business restructuring occurs, the ownership structure of an existing business changes from/to sole proprietor, LLC, corporation, LLP, partnership or any other form of ownership, and there is no purchasing of the assets of the existing licensed business, a new Business License is not necessary. However, we do require notification of the change, in writing, be sent to the Business License Office so that we may update the information in our system. Send notifications to:
City of North Myrtle Beach - Revenue Department
1018 2nd Avenue S
North Myrtle Beach, SC 29582

New License Required

If an ownership change occurs or a new business purchases the assets of an existing business resulting in a FIN/EIN/SSN change, a new Business License is required.

Questions

If you have any questions regarding business restructuring and ownership changes please contact the Business License Office at 843-280-5585.

Show All Answers

1. What is a Business License?
2. What gives the City the right to require a Business License?
3. Who is required to have a Business License?
4. What is the difference between an in-town business and an out-of-town business?
5. How do I apply for a Business License?
6. How much does a Business License cost?
7. How long is a Business License good for?
8. What if I refuse to purchase a Business License?
9. What are the penalties for businesses operating prior to getting a Business License?
10. What are the penalties for businesses that are late renewing their Business License?
11. Can Business License penalties be waived?
12. Will the Business License fee always be the same?
13. What do I do if I have a change in FIN/EIN/SSN due to business restructuring or purchase of the business?
14. Can I operate two types of businesses under one license?
15. Can other people operate under my license?
16. Are there any other requirements to get a Business License?
17. Who establishes the amount of the Business License fee?
18. How is gross revenue defined?
19. What do I get from the Business License fees that I pay?