(a) A transient business license shall be issued under this act only when all requirements of this act have been met.
(b) A license issued under this act shall:
(1) Not be transferable;
(2) be valid only within the territorial limits of the issuing county;
(3) be valid only for a period of 90 days;
(4) be valid only for the business stated in the application; and
(5) be valid for only one person, unless such person is a member of a partnership or association or an employee of a firm or corporation obtaining such license.