Arkansas Cosmetology Practice Exam

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What is required when the ownership of an established salon changes?

A new business license must be applied for
Complete the change of ownership form and submit it with the required fee ($75)
Hold a public hearing
Publish an announcement in the trade section of the local newspaper

The correct answer is: Complete the change of ownership form and submit it with the required fee ($75)

When the ownership of an established salon changes, the new owner must complete a change of ownership form and submit it with the required fee of $75. This form and fee are necessary for updating the salon's business license with the appropriate regulatory agency. Option A is incorrect because a new business license does not need to be applied for, rather the current one needs to be updated. Option C is incorrect because a public hearing is not required for a change in ownership, as it is a private transaction. Option D is incorrect because publishing an announcement in the trade section of a local newspaper is not required for a change in ownership, though it may be a good way to inform clients and the public about the change.