What is the minimum common ownership percentage required for one person to act as the qualifying party for two licensees?

Study for the Arizona Statutes and Rules Exam. Prepare with comprehensive questions and detailed explanations. Ace your exam with confidence!

The minimum common ownership percentage required for one person to act as the qualifying party for two licensees is 25%. This regulation is established to ensure that the qualifying party has a significant ownership stake in both entities, thereby demonstrating a vested interest in their activities and responsibilities. By requiring at least 25% ownership, the statute aims to maintain accountability and oversight in the licensed operations, ensuring that the qualifying individual is sufficiently invested in the performance and compliance of each licensee.

Understanding this percentage is crucial for anyone navigating licensing regulations in Arizona, as it delineates the threshold for shared control and influence between multiple business entities within the same industry.

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