CALL NOW!!! 732-504-3651


Interests In New Jersey Liquor Licenses Must Be Disclosed

Posted by Carmine R. Villani | Dec 12, 2010 | 0 Comments

New Jersey law requires that every individual who has an interest in an alcoholic beverage license be disclosed, unless the interest is less than one percent of the stock of the corporation. See N.J.S.A. 33:1-25.

In order to make these disclosures, the license holders must disclose the individuals by completing page 10A of the retail license application, wherein they give the name, address, date of birth, social security number and the driver's license state and number of every individual with more than a one percent interest in the license. Additionally, included in the application must be the nature of the interest for each person.

Failure to disclose a person who has an interest in the liquor license on the retail application page 10A will result in the license holder being deemed as having an undisclosed interest. Even those who are deemed as not having an equitable or beneficial interest in the license must be disclosed, despite the fact that they may not be considered stock holding interests.

There are many reasons why license holders may be reluctant to disclose all of the interest holders of the liquor license. This could be because they had been convicted of a crime (N.J.S.A.33:1-25), they could already have had a license revoked within the past two years (N.J.S.A. 33:1-31), or already have two retail licenses in violation of state statute (N.J.S.A. 33:1-12.31). It is imperative that license holders either air on the side of caution and disclose any and all interest holders in their liquor license, or consult an experienced New Jersey ABC/liquor license attorney who will answer any questions they may have.

Absent mitigating circumstances, the failure to disclose an interest is punishable by revocation of the license to sell alcoholic beverages or suspension of the license. Generally, when the person who was not disclosed having an interest in the license is not otherwise disqualified for holding a liquor license, this will not result in a revocation penalty but rather the license may be subject to substantial suspension.


ABC Bulletin 2470, attached as Appendix “C” of the Alcoholic Beverage Control Handbook for Municipal Issuing Authorities

Alcoholic Beverage Control Handbook for Retail Licensees

About the Author

Carmine R. Villani

Founding partner, Carmine Villani, Esq. is a former municipal prosecutor with over three decades of experience in Criminal and DWI Defense.


There are no comments for this post. Be the first and Add your Comment below.

Leave a Comment

Contact Us Today

The NJ Liquor License Attorneys at Villani & DeLuca, P.C. can help answer all of your questions and assist in resolving all of your legal problems regarding your business governed under the various laws and regulations of the NJ ABC. New Jersey ABC liquor license holders face numerous challenges.

We'll gladly discuss your case with you at your convenience. Contact us today to schedule an appointment.

The information contained in this website is provided for informational purposes only, and should not be construed as legal advice on any matter. The transmission and receipt of information contained on this website, in whole or in part, or communication with the Villani & DeLuca, P.C. via the Internet or e-mail through this website does not constitute or create a lawyer-client relationship between this firm and any recipient. You should not send any confidential information in response to this webpage. Such responses will not create a lawyer-client relationship, and whatever you disclose will not be privileged or confidential unless this firm has agreed to act as your legal counsel and you have executed a written engagement agreement with Villani & DeLuca, P.C. Copyright © 2023 Villani DeLuca P.C. | All rights reserved |