Final answer:
True, the designated qualifying broker or registered agent of a partnership, corporation, or LLC is notified by registered or certified mail for hearings, sent to the last known business address.
Step-by-step explanation:
True, if a hearing concerns a partnership, corporation, or limited liability company, it is customary for the designated qualifying broker or registered agent to be notified. The notification typically takes place using registered or certified mail, ensuring that the recipient has legal proof of receipt. The mail is sent to the business address that is listed as the last known address for the business entity.
It's important for entities such as partnerships, corporations, or limited liability companies to keep their contact information, including their business address, current with the relevant regulatory bodies to ensure they receive all legal and official communications. Failure to do so can result in missed notifications and possible legal implications for the entity.