Question

How are permit departments helpful in conversion investigation efforts?

a. By providing license numbers used for identification in transactions
b. By identifying the nature and location of businesses, new leases, and recent construction
c. By providing information about chattel mortgages and loans to individuals or businesses on equipment
d. By identifying owned assets, indebtedness, mortgage holders, trustees, or straw buyers

Answer 1

Option B is the correct answer.

Step-by-step explanation:

Business permits regulate the safety, structure, and appearance of the business community. They act as proof that a business follows specific laws and ordinances. Requirements differ by jurisdiction, and failure to comply often results in fines or even having the business shut down. Therefore, most businesses need a general business license to operate in a particular county or city.

Thus, the permit departments are helpful in conversion investigation efforts by identifying the nature and location of businesses, new leases, and recent constructions.

Option B is the correct answer.