§ 21.2-24. Licenses for businesses owned by non-natural persons.

If an adult business is not owned and operated as a sole proprietorship, the entity which owns such business shall not be required to obtain its own operator's license but each of the following representatives of such entity shall be licensed as an operator of such business:

(a)

The president of an owner which is a corporation;

(b)

Each general partner of an owner which is a general partnership, limited partnership or limited liability partnership;

(c)

Each managing member of an owner which is a limited liability company, or if there are no designated managing members, all members;

(d)

Each trustee of an owner which is a trust;

(e)

For a corporate owner, any person who is the beneficial owner of at least fifty percent (50%) of the shares of the corporation; or

(f)

For a non-corporate owner, any person who shares, directly or indirectly, at least fifty percent (50%) of any financial gain attributable to the owner's business as an owner, proprietor, beneficiary or otherwise.

(Ord. No. 2076, § 1, 5-11-99)