Combative sports promoters in Texas are required to be licensed by the state. A $15,000 Texas combative sports promoter bond for guarantee of payment of taxes, and a second $15,000 combative sports promoter bond for all non-tax related matters is required for licensing. Call AmeriPro Surety Bonds today at 844-589-9732.
Licensed Texas sports promoters are regulated by the Texas Department of Licensing and Regulation.
The Department’s email that specifically regulates sports promoters is:
Comabative.Sports@tdlr.texas.gov.
Phone numbers to the same department are: 800-803-9202 and 512-463-5101.
Texas sports promoters are required to obtain two separate Texas sports promoter bonds.
Each of the bonds is for $15,000, and the bonds are categorized as follows:
Besides being a precondition for licensing, the purpose of the first Texas sports promoter bond is to serve as a financial guarantee against any acts of fraud, unlawful misrepresentation, or theft committed by a Texas sports promoter, or any employees, in the course of their business.
The second Texas sports promoter bond is for one thing only: The guarantee of payment of gross tax receipts for any sporting event to the state of Texas.
Both bonds are issued to protect the state of Texas; the bonds are not issued as protection for the Texas sports promoter.
The premium for each Texas combative sports promoter bond may be as little as $225/each.
The amount paid by any applicant, however, will be determined by the applicant’s credit score.
AmeriPro Surety Bonds utilizes a “soft inquiry” credit score check which will not adversely lower an applicant’s credit rating.
Our agency will also work to provide you with the best surety bond pricing available.
Applicants for the Texas combative sports promoter bond and license will need to complete the following:
AmeriPro Surety Bonds is an agency whose exclusive focus is surety bonds.
We provide bonds throughout the great state of Texas.
The surety bonds provided include license and permit, fiduciary, court, and contractor bonds throughout the state.
AmeriPro Surety Bonds also provides surety bonds nationwide.
