Ark. Code Ann. § 4-74-106: Application for license

(a) The application for the license shall be in writing and under oath and shall be filed with the clerk at least fourteen (14) days prior to the opening date of the proposed sale.

(b) The application shall show all the facts relating to the reasons and character of the sale, including the opening and closing dates of the proposed sale.

(c) The application for a license to conduct a going-out-of-business sale shall be accompanied by a fee of two hundred fifty dollars ($250). However, if the applicant has been in business for a period of at least one (1) year at the location where the proposed going out of business sale is to be conducted, the license fee shall be twenty-five dollars ($25.00).