1 (844) 589-9732

California Bond of Seller

The California bond of seller is offered in the amount required by the state’s Board of Equalization. Approval is based on good credit, at 2%. Please call AmeriPro Surety Bonds at 844-589-9732.

California Bond of Seller

AmeriPro Surety Bonds | 844-589-9732

 

 

Sales And Use Tax

 

 

 

A California bond of seller is required of certain business under the California Sales and Use Tax Law. The surety bond requirement is a mandate of the state’s Board of Equalization.

The bond is a financial guarantee for the state that businesses which are required to obtain the bond will remit sales taxes which become due, including any and all interest and penalties.

 

 

 

Amount of Surety Bond Required

 

 

 

According to California’s Revenue and Taxation Code, Section 6701, the Board will tell you the amount of surety bond required.

That having been stated, the amount of surety bond required:

  • Will not be greater than twice the estimated liabilities of filing returns for quarterly periods;
  • OR, more than 3 times the estimated average liability for monthly periods;
  • OR $50,000, whichever amount is less.

 

 

 

Qualifying and the Premium

 

 

 

To qualify for the California bond of seller surety bond, you will need to complete, sign, and have witnessed a short surety bond application and undergo a review by an underwriter. This review also includes a credit check.

To be approved by our agency, good credit is required. The approval rate is 2%, with a minimum premium of $100.

Once your application is approved, and the premium is paid, our agency issues the bond for your filing. You will be sent the following: 1. An original surety bond. 2. A document that is notarized by our agency 3. A Power of Attorney form.

Upon receipt, you’ll sign your bond as Principal. The address to file you bond of seller is:

Board of Equalization – Oakland District Office

1515 Clay Street, Suite 303

Oakland, CA 94612

800-400-7155

 

 

 

Term of Your California Bond of Seller

 

 

 

Your bond of seller surety is active for one year from the date of issuance. The bond and the premium renew annually.

Since the bond amount required is determined based on the above calculations, it is possible that upon renewal, a different surety bond amount will be required.

 

 

 

About Us

 

 

 

AmeriPro Surety Bonds is a surety bonds-only agency. We provide license and permit, court, probate and other surety bonds in California and all 50 states.

Please call our agency today at:

 

844-589-9732

 

Or, you may fill out the form below and a Surety Agent will contact you…

Apply Today!

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AmeriPro Surety Bonds

Our focus is exclusively surety bonds. We have two areas of concentration: YOU, our customer; and providing you with the surety bond that you need. Whether the bond is an "instant issue"; is for a contractor; a court bond; or one for a client with lower credit scores, AmeriPro Surety Bonds dedicates itself to providing our customers with a seamless, professional, and quick surety bond experience.

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