How much does an alcoholic beverage distributor bond cost in Connecticut?
Connecticut’s Department of Revenue Services requires distributors of alcoholic beverages to post surety bonds prior to conducting business. Applicants who produce less than 100,000 gallons of wine must post $500 bonds, while applicants who produce more than 100,000 gallons of wine must post $2,000 bonds. Applicants should verify their required bond amount with the state prior to bonding.
These bonds can be issued for as low as $100. Purchase your Connecticut surety bond now!
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Why do I need this bond?
By posting a Connecticut alcoholic beverage distributor bond, principals (distributors) guarantee to pay all taxes and fees imposed by state or local laws. If any distributors commit fraud or other damaging acts, such as falsifying records of sale or failing to pay requisite taxes on prior sales, this bond ensures that consumers and the state will be protected from any financial losses up to the full bond amount. The surety will initially compensate harmed parties, but the principal must reimburse the surety for all damages paid out.
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What’s the fine print?
Alcoholic beverage distributor bonds in Connecticut remain in full force and effect for three years and one month from the effective date listed on the bond form.
Completed bond forms must be mailed to the Department of Revenue Services in Hartford, Connecticut.
How to become an alcoholic beverage distributor in Connecticut
To legally distribute wine and other alcoholic beverages in Connecticut, the applicant must obtain a permit issued by the Department of Consumer Protection. He or she must also file a surety bond in the correct amount and register for a Sales Tax Permit and an Alcoholic Beverage Distributor License. Both of these permits will be issued through the Department of Revenue Services.
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