(844) 589-9732

Massachusetts Nonresident Contractor Bond

June 18, 2020

The Massachusetts nonresident contractor bond is a requirement of the MA Department of Revenue. The purpose of the bond is to guarantee the payment of taxes owed by nonresident contractors conducting work in the state. Please call AmeriPro Surety Bonds at 844-589-9732.

Massachusetts Nonresident Contractor Bond

AmeriPro Surety Bonds | 844-589-9732

 

 

 

Surety Bond Amount and Purpose

 

 

 

Nonresident contractors who are hired for work in the Commonwealth of Massachusetts are required to furnish a surety bond; in this instance, it is also referred to as a “guarantee bond”.

According to Massachusetts General Laws, the amount of surety required by the Commissioner will be equal to 5% of the total amount which is to be paid under the contract.

As a nonresident of the Commonwealth, the purpose of this surety bond is to serve as a financial guarantee that you will pay all applicable state taxes owed in accordance with Massachusetts law.

 

 

 

Qualifying and the Premium

 

 

 

Our agency provides the Massachusetts nonresident contractor bond in the amount required as determined by you.

We also streamline the application process by offering this bond without a credit check inquiry for any amount up to and inclusive of a $25,000 surety requirement.

For applicants who have a surety bond requirement $25,000 and less, we will take the application fro my you over the phone.

Besides the basics, we’ll need you to provide us with the following:

  • Your federal identification number;
  • Your contractor job name and its location;
  • The name of the Principal or General Contractor;
  • The city and state where you are located (outside of Massachusetts);
  • The day, month, and year, in which you entered into the contract.

Applicants who require a bond greater than $25,000, in addition to the above will need to complete and sign a short surety bond application.

Approval for these higher amounts is determined after a review by a Surety underwriter. This review includes a credit inquiry. To be approved, good credit will be required.

After the approval of your nonresident contractor bond and payment of the premium, our agency issues and mails to you your bond and a Power of Attorney form.

Upon receipt by mail, you’ll sign your bond as Principal and file all documents received to:

Commonwealth of Massachusetts

Department of Revenue

200 Arlington Street, Room 4300

c/o Out of State Contractors’ Unit

Chelsea, MA 02150

 

 

 

Term

 

 

 

Your Massachusetts out of state contractor bond is issued with a standard term of one year.

 

 

 

About Us

 

 

 

AmeriPro Surety Bonds is a surety bonds-only agency. We provide license and permit, Court, probate, and other surety bonds in the Commonwealth of Massachusetts 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...

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