(A) A person who knowingly violates Section 44-53-2520 is guilty of a misdemeanor and, upon conviction: (1) for a first offense, must be fined not more than one thousand dollars or imprisoned for a term not to exceed six months, or both; (2) for a second offense, must be fined not more than five thousand dollars or imprisoned for a term not to exceed one year, or both; and (3) for a third or subsequent offense, must be fined not more than ten thousand dollars or imprisoned for a term not to exceed three years, or both. (B) In addition to criminal penalties, a business entity convicted of a violation of this article is subject to administrative action by the state or local authority that issued the business license, permit, or registration, including suspension or revocation, consistent with law.