What is the maximum fee for obtaining a branch office license?

The maximum fee for obtaining a branch office license is one hundred dollars. This fee is set to regulate and manage the costs associated with the licensing of branch offices in the security industry. By establishing a limit on the fee, the state aims to make it financially accessible for businesses while still ensuring that regulatory costs are covered. Setting this fee at one hundred dollars is intended to balance the interests of the businesses seeking to operate and the state's need for oversight and administration of the licensing process.

In contrast, higher amounts would potentially create barriers for smaller firms or startups, while lower amounts might not adequately cover the administrative costs associated with processing and managing these licenses. Therefore, the one hundred dollar fee serves as a reasonable compromise ensuring effective regulation without unduly hindering business operations.