GOING OUT OF BUSINESS PENALTIES
Violations & Penalties
Any individual or business which operates or advertises a "fire sale" or "going out of business sale," or any such liquidation sale, and which fails to apply for and purchase a Going Out Of Business Permit is subject to a criminal penalty of up to 60 days in jail, including a $500 fine. Moreover, there are also civil penalties that might be applied which include late fees, court costs, attorney's fees, administrative costs, and an additional $250 penalty.
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