What is a Wyoming Alcohol Tax Bond?
Let us guide you in acquiring an alcohol tax bond for your business!
An Alcohol Tax Bond is an important licensure requirement for manufacturers, retailers, wholesalers, distributors, or importers of alcoholic beverages in the United States.
The surety bond’s purpose is to ensure that the license applicant will pay the right amount of taxes, that all regulatory and legal requirements of the business of selling alcoholic beverages will be followed, and that any liabilities from deferred tax payments will be covered.
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 who will act as a guarantor for the principal’s compliance with the bond conditions
The Alcohol Tax Bond is also known by other names. This can either be specific to the state or to 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.
There are some states that have stricter alcohol tax bond requirements than others.
If you want to be further informed about the alcohol tax bond in your state, give us a call now or send us an email!
How can I obtain an Alcohol Tax Bond?
You can easily get one by following these simple steps:
STEP 1: Apply for the bond
You need to submit a bond application to us. If you’re ready to apply now, you may do so here!
STEP 2: Underwriting
We will ask you a couple of important information needed for the bond. This will include the following:
- Your financial history
- Your business performance history
- Your tax payment history
- 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? Get your free quote now!