Retail business ABCs are among the most visible — and the most regulated. Store closing sales in California require permits, comply with pricing restrictions, and must be conducted within specific timeframes.
Retail-Specific Issues
Retail ABCs must address: store closing sales (permits are required, and pricing practices are restricted under California Business and Professions Code), gift card and loyalty program obligations (which are unsecured claims of customers), lease surrender negotiations with multiple landlords, and the rapid timeline required before customer traffic collapses.
Store closing sales require compliance with California law. Assignees who conduct going-out-of-business sales without proper permits face regulatory problems. The permits also impose restrictions on how items can be priced and advertised. Experienced retail assignees know this framework — inexperienced ones sometimes create problems that complicate the wind-down.
The California ABC System gives business owners and creditors the exact tools, templates, and step-by-step guidance to navigate an Assignment for Benefit of Creditors — faster and cheaper than bankruptcy. Request your free evaluation here.
California ABC System — Assignment for Benefit of Creditors 
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