If licensed as a corporation, a stockholder holding what percentage or more of the stock must be named on the license?

For a corporation to maintain compliance with licensing regulations, it is crucial to identify individuals who have a significant influence over the company. In New York, any stockholder who holds 10% or more of the stock must be explicitly named on the license. This requirement is in place to ensure transparency and accountability within the management structure of the licensed agency. Having key stakeholders identified helps regulatory bodies monitor ownership and ensure that those who have substantial control or ownership are properly vetted and meet licensing criteria. This is important for maintaining public trust and ensuring that individuals with significant financial interests are subject to appropriate oversight and regulation.