What is a Georgia Registered Producers License Tax Liability Bond?
Get to know what this surety bond is for and how to apply for one today easily!
It is a licensure requirement that is mandated by the Department of Revenue of the State of Georgia for all registered producers or joint registrant of distilled spirits.
This type of surety bond is needed to ensure that the applicant will perform the acts that are required by the state law and the Department of Revenue of the State of Georgia once licensed. This will include promptly paying the necessary taxes on time, rental charges, and license fees.
If the licensee defaults on the obligations as mentioned above, the State of Georgia can file for just compensation to get the monies owed through the surety bond.
The prerequisite complies with Section 3-4-22 of the Georgia Code.
What is the Registered Producers License Tax Liability Bond amount?
The bond amount is $10,000.
If you have a stellar credit score, you will be eligible for a low bond premium. Bond premium starts at $100.
Do you want to know your bond premium right now? Get your FREE SURETY BOND QUOTE RIGHT HERE!
How can I get a Registered Producers License Tax Liability Bond?
You can easily get this surety bond from us! We will guide you through the entire process. We’ll make sure that you will understand what you are getting into.
Here’s how to do get bonded:
- You have to send an application to us. If you are ready to do that now, you may APPLY HERE!
- After we have received your application, we will ask you to submit the necessary information needed for the underwriting process. These are the following:
- Your financial capability
- Your business or job performance history
- Your credit score
An expert underwriter will carefully evaluate all three to attain the best credit decision possible. To avoid any delay, the information that you should submit should be organized and concise.
- Your surety bond will be issued and sent 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 of Georgia
- The registered producer or joint registrant of distilled spirits is required to comply with the provisions of Title 3 of the Georgia Code, as well as the rules and regulations of the Department of Revenue of the State of Georgia
- If a violation is committed by the registered producer or joint registrant of distilled spirits, the Obligee will be eligible to file a claim on the surety bond
- The surety bond should be valid for up to 5 years
Do you need more information? Talk to us at 800-333-7800!