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While waiting for your response to Fiat Lux - ASIA's clarifying questions, I'm also here to provide additional help for you, Sagie.
Before anything else, could you please clarify whether you are referring to QuickBooks Online or QuickBooks Desktop 2008? This information will enable me to offer a more tailored solution for resolving the specific error you are experiencing.
Though the error you mentioned occurs when there is a problem with the QuickBooks license or the company file. Considering this, I assume you are utilizing the US version of QuickBooks Desktop. If so, you can fix this by following the information outlined below.
Solution 1: QuickBooks Desktop 2008 is a discontinued product. That means you need to have a supported version of QuickBooks and ensure you have the latest updates. Here's how:
Solution 2: Run the QuickBooks Tool Hub to diagnose, fix any issues and resolve common errors.
Solution 3: Perform a clean reinstallation. This process can help resolve any installation-related issues that may be causing the error.
For more details, you can visit this article: Fix Error 3371: Could not initialize license properties.
Visit again if you need more help. I'll be around to help you anytime. Bye for now and take care always.