Closing-Out/Going Out of Business Sale Requirements 

North Carolina General Statute 66-77 requires that all businesses having "closing out" or “going out of business" sales must file an application with the City/Town Clerk or, if the sale is conducted in an unincorporated area, a person designated by the Board of County Commissioners; in Randolph County, the Clerk to the Board of County Commissioners is the designated person. The application must be filed with the Clerk at least seven days before the first day of advertising the sale. The merchant must pay a $50 license fee and post a $500 bond (unless it has been in business at the same location for at least one year). A copy of the inventory is to be provided at the time the application is filed. Nothing can be added to the inventory; however, if there are some outstanding orders which will arrive during the sale, these can be included in the sale, but a copy of the invoice and/or purchase order must be filed with the Clerk. A license for the sale is good for 30 days and may be renewed for three 30-day periods, not to exceed 120 days total. At the end of the 120 days, the business must close its doors and cannot reopen in the County for at least 12 months.



 

Contact Information
  • County Administration
    336.318.6300
  • Office Hours:
    8am - 5pm M-F
    Location:
  • Randolph County Office Building 2nd Floor
    725 McDowell Road
    Asheboro, NC 27205   map
     
Related Links

Cities, Towns and Municipalities in Randolph County


Adjoining Counties