If a licensed business entity has a change in ownership greater than 25%, what must the registrar be notified of?

When a licensed business entity experiences a change in ownership exceeding 25%, it is important for the registrar to be notified immediately. This requirement ensures that the Arizona Registrar of Contractors (AZ ROC) has up-to-date information about the licensee’s ownership structure, which is crucial for maintaining compliance with state regulations. Immediate notification allows the registrar to assess whether the new ownership meets the qualifications and requirements needed to hold a contractor's license.

This prompt communication is vital in ensuring transparency and regulatory integrity within the contracting industry. Significant changes in ownership can affect the company's operations, financial responsibilities, and overall ability to comply with licensing standards. Therefore, immediate notification is mandated to uphold the safety and quality standards within the industry.

The other options suggest different time frames or requirements that do not align with the immediate nature of this crucial change. Changes of this magnitude could have significant implications for the entity's licensure, making timely communication essential.