What is a Nevada Alcohol Tax Bond?
Well-known for its laid-back alcohol guidelines, Nevada attracts millions of visitors every year. With these visitors is the excitement of publicly guzzling alcohol as much as one wants without fear of police capture or custody. Despite this eagerness though, owners of alcoholic beverages still need to be careful and should abide by the rules. One of the policies is to secure a Nevada Alcohol Tax Bond.
A Nevada Alcohol Tax Bond is an assurance that the business owned by an authentic resident of Nevada, having business locations within the territorial jurisdiction of the state operates with rigorous exactness and amenability to all of Nevada’s laws concerning the sale, production, and distribution of wines and spirits.
Why do you need the Nevada Alcohol Tax Bond?
You need a Nevada Alcohol Tax Bond because you want to be viewed as a respectable business owner who knows how to look after the welfare of the consuming public.
More details about the Nevada Alcohol Tax Bond
The Alcohol Tax Bond is also known as brewer’s bonds, liquor license bonds, and wine bonds.
Bonding requirements are the following: Beer only ($ 10,000.00); Beer, wine & liquor ($ 50,000.00); Brewer or Winemaker ($ 1,000.00).
So as not to have claims against the bond, importers/wholesalers cannot engage in any of the following acts:
- Lending money or any valuables to a vendor;
- Putting investments, openly or incidentally, in a retail store;
- Providing or equipping premises, edifices, bar or equipment to retailers;
- Involvement, openly or incidentally, in the operations of a retail liquor store.
The bondholder needs to know that the Nevada liquor laws are the source of control and regulation in the delivery of alcohol within the boundaries of Nevada through the three-tier system. Under this structure, suppliers can sell only to importer/wholesalers situated in the State of Nevada and directly to Nevada buyers. Sequentially, the importer/wholesaler can sell only to the vendor, and not to the public or at the retail level. Finally, vendors must buy only from wholesalers and cannot lawfully procure for resale from other vendors or directly from suppliers.
What is the cost of a Nevada Alcohol Tax Bond?
Premium payments will be determined by the applicant’s credit score and financial history. Likewise, the profile of the applicant including his/her reputation as a member of the community will be a strong factor in the decision of how much the premium will be for this bond.
How do I get a Nevada Alcohol Tax Bond?
Getting an Alcohol Tax Bond is simple. Choose a genuine surety professional that is authorized to operate within the state of Nevada and immediately give them a call! An expert surety professional can readily provide you the answers you need and the solution to whatever concerns you have in the operation of your business.