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.