Michigan wholesale potato dealers are licensed and regulated by the state’s Department of Agriculture, Pesticide and Plant Pest Management.
As a condition of licensing, a wholesale potato dealer is required to furnish the department with a surety bond.
The amount of your Michigan wholesale potato dealer bond is between a $10,000 to $100,000 surety bond.
The amount is calculated as follows:
It will be double the following values, subject to the minimum and maximum surety bond amounts listed above:
Typically, as a very broad general rule, applicants will pay about 1% of the bond’s amount; however, the final amount that you will pay will be determined by an application and a credit check.
AmeriPro Surety Bonds will will find you the fairest surety bond pricing.
The Michigan potato wholesale license expires on May 31st of each year; the bond is written to coincide with the license expiration. The premium for the bond may be prorated depending on when the bond is purchased.
The purpose of this Michigan wholesale potato dealer bond is a financial guarantee which assures the people of the state of Michigan of the following:
AmeriPro Surety Bonds is a surety bonds-only agency. We provide license and permit, contractor, court, and fiduciary surety bonds throughout Michigan.
Our agency also provides surety bonds nationwide.
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