If a licensed business entity has a change in ownership of 25% or more, when must the Registrar be notified?

The correct response to the change in ownership notification for a licensed business entity is that the Registrar must be notified immediately after the change occurs. This immediate notification is essential to ensure that regulatory bodies are kept up to date with current ownership structures, as changes can significantly impact the operation and oversight of the business.

Timely reporting of ownership changes helps maintain the integrity of licensing and ensures compliance with state regulations. Businesses are required to keep their registration details current to reflect any changes accurately, thereby avoiding potential legal issues or penalties.

The other options suggest different timeframes, which do not align with the urgency required for reporting significant changes in business ownership. For instance, notifying within 30 days or 10 days after a change may not provide the necessary immediacy needed for regulatory compliance. Moreover, informing the Registrar 10 days prior to the change is impractical in the context of ownership changes, as such alterations can affect various operational aspects that require immediate attention.