Which event will NOT lead to immediate termination of an auction firm license?

Changing the business name of an auction firm will not lead to immediate termination of the auction firm license because name changes are typically a matter of rebranding rather than affecting the core operational structure of the business. The licensing authority understands that businesses may evolve and change their names for a variety of reasons, such as mergers, marketing strategies, or other operational shifts.

In contrast, ceasing to operate as a corporation can directly impact the legal status of the auction firm, leading to termination of the license as corporations must remain in good standing to retain their licenses. Changes in the permanent business location might raise concerns about compliance with local regulations, while ownership changes often necessitate re-evaluation of licensing to ensure that new owners meet the required qualifications. Therefore, while name changes can involve paperwork and notification to regulatory bodies, they do not inherently require immediate termination of the license like the other events do.