MMA or boxing promoter bond cost
The Florida Department of Business and Professional Regulation’s State Boxing Commission requires boxing and MMA promoters to post surety bonds to legally work within the state. The required amount of the bond is determined by the Commission and cannot be less than $15,000.
Because these bonds are subject to underwriting, the amount you’ll pay is based on a review of your personal credit report. Applicants with strong financial credentials could pay as low as 1% of the bond amount. Bad credit? No problem! Surety Bonds offers an exclusive bad credit bonding program through which we approve 99% of applicants quickly and easily.
Why this bond
Florida promoter bonds are put in place to ensure that principals (promoters) conduct business in compliance with Chapter 548 of the Florida Statutes and the rules of the State Boxing Commission. By posting the bond, principals guarantee to account for and pay all money and taxes due to the commission on time and in full, as well as faithfully fulfill all contractual agreements established with other parties involved in sports events.
MMA or boxing promoter bond details
Promoter bonds in Florida remain in full force and effect until canceled by the surety or violated by the principal. The surety can cancel the bond at any time by giving written notice to the commission 60 days prior to the effective termination date.
The bond cannot be canceled sooner than 60 days after the most recent match for which the principal acted as the promoter or foreign co-promoter. All surety bonds in Florida are subject to a 1.3% tax to cover the Hurricane Assessment Tax.
Become an MMA or boxing promoter
To become a licensed promoter in Florida, applicants must do the following:
- Meet the age requirement of at least 18 years
- Submit a surety bond in the proper amount
- Pay the $250 non-refundable fee by check or money order made payable to the Florida State Boxing Commission
- Complete the application (online or on paper)
- And more
Complete licensing information can be accessed from the Additional information section of this page. Don’t delay the licensing process. Purchase the surety bond you need quickly and easily!
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