Arizona Laws 32-2421. Qualifying party
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A. An applicant for an agency license must have a qualifying party.
Terms Used In Arizona Laws 32-2421
- Agency license: means a certificate that is authenticated by the department and that attests that a qualifying party is authorized to conduct the business of private investigations in this state. See Arizona Laws 32-2401
- Applicant: means a person who has submitted a completed application and all required application and fingerprint processing fees. See Arizona Laws 32-2401
- Corporation: A legal entity owned by the holders of shares of stock that have been issued, and that can own, receive, and transfer property, and carry on business in its own name.
- Licensee: means a person to whom an agency license is granted pursuant to this chapter. See Arizona Laws 32-2401
- Partnership: A voluntary contract between two or more persons to pool some or all of their assets into a business, with the agreement that there will be a proportional sharing of profits and losses.
- Qualifying party: means the individual meeting the qualifications under this chapter for an agency license. See Arizona Laws 32-2401
B. For a sole proprietorship, the qualifying party shall be the agency licensee.
C. For a partnership, corporation or limited liability company, the qualifying party shall be the individual who is responsible for managing the agency. All other partners or corporate officers shall register as associates pursuant to article 3 of this chapter.
D. If required, the qualifying party shall maintain workers’ compensation insurance in effect.