Form DBPR ELC7 Application for Certificate of Approval for / Notification of Change of Ownership (Stock Purchase) - Florida

What Is Form DBPR ELC7?

This is a legal form that was released by the Florida Department of Business & Professional Regulation - a government authority operating within Florida. As of today, no separate filing guidelines for the form are provided by the issuing department.

FAQ

Q: What is the DBPR ELC7 application?
A: The DBPR ELC7 application is the form used to apply for a Certificate of Approval for or Notification of Change of Ownership (Stock Purchase) in Florida.

Q: What is the purpose of the application?
A: The purpose of the application is to obtain approval or notify the Department of Business and Professional Regulation (DBPR) about a change of ownership through stock purchase.

Q: Who can use the DBPR ELC7 application?
A: The DBPR ELC7 application can be used by individuals or entities that are acquiring or transferring ownership of a business through a stock purchase.

Q: Do I need to submit any supporting documents with the application?
A: Yes, you will need to provide several supporting documents, such as a corporate resolution, financial statements, and a stock purchase agreement.

Q: How long does it take to process the application?
A: The processing time can vary, but it typically takes several weeks to receive a decision on the application.

Q: Is there a fee for submitting the DBPR ELC7 application?
A: Yes, there is a fee associated with the application. The fee amount may vary depending on the specific circumstances of the ownership change.

Q: What happens after the application is approved?
A: Once the application is approved, you will receive a Certificate of Approval, which signifies that the ownership change has been recognized by the DBPR.

Q: What should I do if my application is denied?
A: If your application is denied, you may have the option to appeal the decision or provide additional information to address any deficiencies identified by the DBPR.