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Secretary of State

Auto Dealer Services Division

Auto Dealer Services Division > Documentation Changes > Change of Ownership Change of Ownership

If there is a change in the ownership of a dealer, the dealer must notify the Auto Dealer Services Division. The procedure for doing so varies according to the business type and is outlined below.

Sole Proprietorship

If a dealer is owned by a sole proprietorship and there is a change in ownership, the owner currently on the license must submit a completed a Cessation of Business Affidavit, notifying the Division that the dealer will be going out of business.  The affidavit must be signed by the owner and notarized. Please list the name of dealership, address, and the seven digit dealer number on the affidavit.  The current dealer must submit the affidavit and return the current dealer license and all permanent dealer license plates and interim plates, along with registrations, to the Auto Dealer Services Division in-person or by mail to the following address:

Office of the Indiana Secretary of State
Auto Dealer Services Division 
302 W. Washington St.
Room E-018
Indianapolis, IN 46204

The new owners must submit a new application for dealer business license with the documents identified in the new application section.

Partnership

If a dealer is owned by partners and there is a change in partnership, the dealer must submit a completed Amendment to Owner, Officer or Partner form (click on PDF to access SF 55954, Amendment to Owner, Officer or Partner) stating the changes in ownership.

If a partner is being removed from the license, submit a completed  Amendment to Owner, Officer or Partner form  identifying which partner to remove from the license. The form must be signed by all partners, including the partner being removed, and be notarized.

If there has been a complete change in ownership and all partners currently on the license are being removed from the license, the partners currently on the license must submit a completed Cessation of Business Affidavit,  notifying the Division that the dealer will be going out of business. The new owners must submit a new application for dealer business license with the documents identified in the new application section.

If a partner is being added, submit a completed Amendment to Owner, Officer or Partner form (click on PDF to access SF 55954, Amendment to Owner, Officer or Partner) identifying who is being added to the license. The form must be signed by all partners, including the partner that is being added, and be notarized.

Corporation/LLC/LLP

If a dealer is owned by a corporation, LLC, or LLP and there is a change regarding the owners or officers listed on the license, the dealer must submit a completed Amendment to Owner, Officer or Partner form stating the changes in ownership.  The form must be signed by all partners, including the partner being removed, and be notarized.

If there has been a complete change in ownership, the dealer must submit a completed Cessation of Business Affidavit, notifying the Division that the dealer will be going out of business. The new owners must submit a new application for dealer business license with the documents identified in the new application section.