As we all know, QuickBooks has been designed by Intuit for business owners to manage their sales and expenses that used across the globe. This software has gained popularity because of having extra-ordinary features and functionalities. However, QuickBooks also leads to error codes and bugs while opening any company file occasionally. QuickBooks Error 3371 is one of such error codes that may lead to big complications to continue working on the software. Defining: QuickBooks Error 3371 One of the main reasons for the error 3371 status code 11118 is “during loading the license data doing activating the QuickBooks desktop”. Go through this post in order to fix the same issue. We have mentioned all the decisive solutions in the blog. Could not initialize license properties. Error 3371: QuickBooks could not load the license data. Such an error may be caused due to missing or damaged files. Could not initialize license properties. [Error Code 3371, Status Code -11118 ]: QuickBooks could not load the license data. This error may be caused due to missing or damaged files. Could not initialize license properties. [Error Code 3371, Status Code -1]: QuickBooks could not load the license data. This type of error may be caused due to missing or damaged files.