Persons engaged in the business of cigarette distribution in New Jersey are regulated by the State of New Jersey, Division of Taxation.
As a requirement for licensing, a surety bond is required at the time of submission of the initial application.
AmeriPro Surety Bonds will help you to meet and maintain the surety bond requirement as mandated by law.
The $6,000 New Jersey distributor bond will typically cost you well under $150 annually.
The price that you will pay for the bond will be determined by a surety bond application (which can be completed over the phone with an agent), and perhaps a credit score check (we utilize a ‘soft inquiry’ which will not adversely affect your credit).
Once the bond has been issued, the renewal date will be the following March 1st.
The purpose of the New Jersey cigarette distributor bond is a financial guarantee which ensures your compliance with all laws and regulations governing cigarette distribution within the state.
The bond protects the state of New Jersey and the people of the state from any acts of fraud, theft, or criminal malfeasance and misfeasance in the operation of a cigarette distribution business.
The protections offered to the state will also extend to wrongful acts committed by an employees, agents, and managers of your cigarette distribution company.
As principal of this surety bond, you are responsible in the event that a claim were to be filed and paid against your surety bond. In the present instance, this would mean that you are legally required to reimburse the surety for all costs and fees paid against your bond.
AmeriPro Surety Bonds is a surety bonds only agency. We provide license and permit, contractor, court, and fiduciary surety bonds throughout New Jersey.
Our agency also provides surety bonds nationwide.
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