If you change the legal entity of your business, such as converting from a sole proprietorship to an LLC, you may need to obtain a new business licence. The requirement will depend on the type of change and the jurisdiction you are operating in.
For example, if you change your business name, you will likely need to file for a new DBA (Doing Business As) name or a new business licence with the relevant agency.
However, if the change does not affect your business activities or the jurisdiction you are operating in, you may not need to obtain a new business licence.
It's important to check with the local authorities or a business attorney to ensure you are aware of all the costs and requirements for obtaining a new business licence if you change your legal entity. They can help you understand the process and what documents are required.
In addition, you may also need to notify the Division of Revenue, the IRS and other relevant agencies of the change in legal entity, and may be required to obtain new Tax ID numbers and update your business registration.