Georgia Malt Beverage Wholesaler Tax Bond
AmeriPro Surety Bonds | 844-589-9732
Surety Bond Purpose and Amount
Wholesalers who transport malt beverages into the state of Georgia are required to furnish evidence of financial responsibility in the form of a surety bond.
The purpose of the surety requirement is to serve as a financial guarantee that all taxes, licensing fees, interest payments, collections, penalties and other monetary assessments will be paid to the state as owed. This is according to O.C.G.A. Section 3-5-25.1, as amended.
Furthermore, the surety bond also acts as a guarantee that you’ll observe all Georgia laws and regulations, as amended, in the performance of your professional responsibilities.
The Georgia Department of Revenue will inform of you of the surety bond amount required. According to state regulations, the bond will have an end date of December 31st.
Qualifying and the Premium
Applicants for the Georgia malt beverage wholesaler tax bond will need to complete a short surety bond application.
For a surety bond requirement up to $25,000, our agency will take this application over the phone with you and issue the bond after completion of the application.
We’ll ask you the following:
- The basics: The name and address of your business, as it should appear on your bond;
- Any DBA name, if applicable;
- Your business STI number, if you have one.
The premium is issued at 1% of the bond amount required; however, that amount may be prorated depending on the calendar date of your bond’s purchase (it expires 12/31).
Dollar amounts greater than $25,000, if applicable, will require a signed application from you, and a review by an underwriter which includes a credit inquiry.
Good credit is required for approval for these higher amounts (we won’t be able to approve you otherwise), but the approval is still at the same rate of 1%; and the premium may be prorated with the condition listed above.
AmeriPro Surety Bonds is a surety bonds-only agency. We provide license and permit, court, probate, and other surety bonds in Georgia and all 50 states.
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