2020 Brings New NAD and NARB Fees

ArentFox Schiff
Contact

Arent Fox

The National Advertising Division (NAD) of the Council of Better Business Bureaus has changed its filing fees effective January 1, 2020.

For companies with annual gross revenue of $5 billion or more, the new NAD filing fee is $35,000, while companies with annual revenue of between $250 million and $5 billion will have to pay $30,000. Previously companies with annual revenue over $1 billion were subject to a $25,000 filing fee, while those with revenue under $1 billion paid a $20,000 fee. There is still a discount for national corporate partners of the Council of Better Business Bureaus. The NARB filing fee has been increased from $20,000 to $25,000.

Notably, the revised fee schedule includes a new category designed to encourage participation from small businesses. Businesses with annual revenue under $250 million will be required to pay a $10,000 filing fee.

In 2020 the NAD and NARB will also introduce a new online submission process, which will increase efficiency.

For more information, click here.

DISCLAIMER: Because of the generality of this update, the information provided herein may not be applicable in all situations and should not be acted upon without specific legal advice based on particular situations.

© ArentFox Schiff | Attorney Advertising

Written by:

ArentFox Schiff
Contact
more
less

ArentFox Schiff on:

Reporters on Deadline

"My best business intelligence, in one easy email…"

Your first step to building a free, personalized, morning email brief covering pertinent authors and topics on JD Supra:
*By using the service, you signify your acceptance of JD Supra's Privacy Policy.
Custom Email Digest
- hide
- hide