Distilled spirits bond cost
In order to legally operate within the state of Georgia, the Georgia Department of Revenue requires distilled spirits professionals to post a surety bond in an amount that is determined by the type of license the applicant is seeking. Wholesalers distilled spirits license performance and tax liability bond amounts are based on the volume of alcohol sold at each location the wholesaler services.
Exact bond amounts are determined by the Alcohol and Tobacco Division of the Department of Revenue, so applicants must verify their required amount of coverage with the division prior to bonding. These bonds are subject to underwriting consideration, so the price you’ll pay depends not only on your required bond amount, but also on a review of your personal credit report.
Manufacturers distilled spirits license performance and tax liability bonds have a $10,000 requirement. Surety Bonds issues these bonds without a credit check for just $100, and since there’s no underwriting required, everyone qualifies instantly!
Why this bond
Distilled spirits wholesaler and manufacturer surety bonds in Georgia ensure that principals (wholesalers and manufacturers) conduct business in accordance with the Georgia Alcoholic Beverage Code (Section 3-4-22 O.C.G.A) and all rules and regulations enforced by the commissioner of the Department of Revenue. Specifically, these bonds guarantee that principals will promptly pay all taxes, license fees, rental charges and other amounts to the state, as necessary.
If the principal fails to conduct business in accordance with these terms, the bond protects the state from any financial loss up to the full amount of the bond. The best way to find out exactly how much you’ll pay for your Georgia surety bond is to submit an online bond request now! Our surety bond experts will walk you through each step of our fast and easy bonding process.
Distilled spirits bond details
Georgia distilled spirits wholesaler and manufacturer bonds remain in full force and effect until canceled. The principal, surety or state may cancel the bond by giving written notice of cancellation to the other parties at least 60 days prior to the effective date of cancellation.
These bonds expire annually on December 31, so your bond premium could be prorated depending on when you buy it. Our team of surety experts works hard to get you bonded according to your specific needs.
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