What is a Georgia Distilled Spirits Bond?
A quick guide to this license surety bond in Georgia!
You need this surety bond if you:
- Distill, blend, or rectify distilled spirits (a beverage that contains 21% alcohol by volume)
- Sell distilled spirits to retailers, wholesalers, and retail consumption dealers
A Distilled Spirits Bond is a requirement for all wholesalers and manufacturers of distilled spirits who are applying for a license. The surety bond will guarantee the compliance of the licensee with the state laws, regulations, or ordinances in regard to license fees, taxes, and rental charges.
The scope of the surety bond will extend to the non-payment of license fees, taxes, and rental charges by the bonded licensed wholesaler or manufacturer of distilled spirits. If the licensee fails to pay them, the State Revenue Commissioner of the State of Georgia will have the right to obtain the unpaid amount through the surety bond.
What is the Distilled Spirits Bond amount?
Wholesalers – $10,000
Manufacturers – $10,000
Those who have stellar credit scores will be eligible to pay for a low bond premium!
If you want to find out what you need to pay, GET YOUR FREE QUOTE HERE today!
How can I get a Distilled Spirits Bond?
To secure this type of bond, the applicant must seek the assistance of a surety bond company.
You will be asked to apply for this bond. If you’re ready to apply for one right now, you may easily do so HERE!
Once the application is received, the surety bond company will immediately process it. In our case, one of our expert surety bond agents will guide you through the whole process from the time you applied for the bond. We will make sure that you understand all the conditions before we issue the bond.
An underwriter will then evaluate the following:
- Your financial strength
- Your job/business performance history
- Your tax payment history
- Your credit score
You will also need to submit the bond forms:
Once the pre-qualification process is fulfilled, we will execute the bond and send it to you!
What are the surety bond conditions?
- The surety bond should be issued by a surety bond agent or company that is authorized to conduct business in the State of Georgia
- The surety bond should be made payable to the State Revenue Commissioner of the State of Georgia
- The licensee is required to promptly pay the following:
- If the licensee fails to do so, the aggrieved party will be eligible to file a claim on the surety bond
- The licensee can submit either an annual or multiyear surety bond
- In case of cancellation, a 60-day notice is required
Get bonded to get licensed ASAP! APPLY HERE!