A separate license shall be obtained for each branch established or separate place of business in which the trade, profession, calling or occupation is carried on and each license for a particular place of business shall not be transferred to another location until the application for such transfer shall have been approved. The transfer shall be made without additional fee. No license shall be transferred to another person. Transfer of a majority of the stock of a corporation or the controlling interest in any corporation or association shall constitute a transfer. (1994 Code § 16-3)