(844) 589-9732

Texas Continuous Bond of Seller

March 12, 2020

The Texas continuous bond of seller may be statutorily required of you as a financial guarantee that all taxes will be paid as owed. Our agency offers this surety bond, upon approval of your good credit, at 2%. Please call AmeriPro Surety Bonds at 844-589-9732.

Texas Continuous Bond of Seller

AmeriPro Surety Bonds | 844-589-9732

 

 

 

Licensing of Certain Texas Businesses

 

 

 

Certain Texas businesses, as a condition of licensing with the state, must obtain a Texas continuous bond of seller bond.

The purpose of the surety bond requirement is to serve as a financial guarantee that any local, state, and/or Texas county taxes will be properly paid as owed. These may also be referred to as Sales and Use Tax ordinances.

Among those who may be required to obtain this surety bond (these are not the only businesses) are:

  • Maquiladora enterprises;
  • Customs brokers;
  • Sellers and retailers of securities. This latter group may be required to obtain the greater of $100,000 or 4 times the business’s average tax liability.

 

 

 

Qualifying and the Premium

 

 

 

To obtain your Texas continuous bond of seller, you’ll need to complete the following:

  • A short surety bond application. Our agency will begin the application with you over the phone; however, you’ll ultimately to both complete and sign the application. If the application is being done on behalf of a business entity, we’ll need an officer of the business to sign;
  • An underwriter review. This process includes a credit check inquiry. For bonds which are especially large, typically in the 6-figures, you may be asked to provide statements (i.e. tax returns or banking statements) which demonstrate your financial solvency. Smaller bond amounts may just require only a credit inquiry;
  • Good credit. To be approved through our agency, good credit is required.  For high dollar surety requirements, strong financials are also required.

The approval rate is 2% annually of the surety bond amount.

Once your continuous bond of seller has been approved and the premium paid, our agency issues your surety bond to you immediately.

Your original surety bond, which you’ll sign as Principal, and Power of Attorney form will be filed to:

State of Texas

Controller of Public Accounts

111 E. 17th Street

Austin, TX 78774

 

 

 

Duration of Your Bond

 

 

 

Texas continuous bond of seller surety bond is active for one year from the date of issuance.

 

 

 

About Us

 

 

 

AmeriPro Surety Bonds is a surety bonds-only agency. We provide sales and use taxes surety bonds in all 50 states.

We are also an online provider of court, probate, and other surety bonds.

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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