Going out of business? The BBB says there are rules you need to follow
MONROE, La. (KNOE) - If you’re planning to have a “going out of business” sale, the Better Business Bureau says you’ll need to register for a license first. Once you get your license, you’ll need to put it in a clearly visible point says Jo-Ann Deal with the BBB of Northeast Louisiana.
The BBB says if the sale goes longer than 90 days the business needs to be able to substantiate that the sale is an emergency.
Some businesses will have promoters help them with things like advertising the sale. Deal says if you’re a promoter, you’ll need to fill out a registration application with the Attorney General’s office. The BBB says they’re valid for a year and then can be annually renewed.
Deal says going out of business sales laws can be found at La. R.S. 51:42 through La. R.S. 51:53.
You can reach out to the BBB of Northeast Louisiana’s office at (318) 387-4600.
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