What is a Colorado Alcohol Tax Bond?
Let us guide you in acquiring an alcohol tax bond for your business!
An Alcohol Tax Bond is a federal government requirement for individuals who wish to be licensed as a seller, manufacturer, importer, exporter, or wholesaler of alcoholic beverages.
The bond is created to protect the federal government and the state where the individual’s business is located from the person’s inability to pay the right amount of taxes.
It is also set in place to ensure that the individual will strictly comply with all regulatory and legal requirements of the business of selling alcoholic beverages.
The Alcohol Tax Bond is a contract between the following parties:
- Principal – the person who will sell, manufacture, import, export, distribute the alcoholic beverages.
- Obligee – the organization or government unit requiring the bond
- Surety – the surety bond company that will act as a guarantor for the principal’s compliance with the bond conditions
Other names also know the Alcohol Tax Bond. This can either be unique to the state or the type of alcoholic beverage. Here are some examples:
- Liquor Bond
- Alcoholic Beverage Tax Bond
- Liquor Tax Bond
- Beverage Tax Bond
- Brewer’s Bond
- Distilled Spirits License Bond
- Liquor License Bond
- Malt Beverage License Bond
- Wine Bond
- Liquor Drink Tax Bond
Alcohol Tax Bond by State
Since each state – in addition to federal laws – has the power to regulate the distribution, manufacturing, or selling of alcoholic beverages within its jurisdiction, the obligations per alcohol tax bond, and the amount will vary.
Some states have stricter alcohol tax bond requirements than others.
If you want to be further informed about the alcohol tax bond in your state, get a free quote now!
How can I obtain a Colorado Alcohol Tax Bond?
You can easily get one by following these simple steps:
STEP 1: Apply for the bond
You need to complete and submit a bond application.
STEP 2: Underwriting
We will ask you for a couple of relevant information required for the bond. This will include your financial history, business performance history, tax payment history, and your credit score. An underwriter will carefully evaluate all those.
STEP 3: Bond execution
Once the underwriter is done with the underwriting process, we will immediately issue the bond and send it to you!
Do you need an Alcohol Tax Bond immediately? Let our experts help you now! Call us!