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Must a corporation licensed by ABC report ownership changes to ABC?

Yes. If any transfer of stock results in any person owning 10% or more of the corporate stock, such fact must be reported in writing by the corporation to ABC within 30 days. The same reporting requirement is necessary when there is a change in the officers or directors of the corporation. (Section 23405 and Rule 68.5) When 50% or more of the corporation's stock is to be transferred, a transfer of the corporation's license is now required. The fee for such license transfer shall be 50% of the original fee but not less than $100 nor more than $800. Compliance must be made with all laws and rules applicable to license transfer. (Section 24071.1)