GOING OUT of BUSINESS
It has been reported to the BBB that this company is in the process of going out of business.
On September 3, 2001, the Going Out of Business law was changed to require businesses that conduct "going out of business sales" to receive a permit. These types of sales cannot be conducted unless the business is planning on ceasing operations.
The law requires businesses that wish to go out of business and conduct a "going out of business" sale, to get a permit from the Central Appraisal District of the county in which the store islocated. The store must file a sworn permit application and pay a $20 fee along with an original inventory to receive the permit.The Chief Appraiser will then issue a non-renewable permit for the sale that is valid for 120 days.
Failure to comply with this law is a Class A misdemeanor and is punishable by a fine not to exceed $4000 and or confinement in jail for no more than a year, with each day of violationconstituting a separate offense.
Persons wishing to report "going out of business" sales or seeking to get a license to advertise they are going out of business, may call the Lubbock Central Appraisal District at 806.762.5000.