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How much does a registered producer bond cost in Georgia?
The Georgia Department of Revenue’s Alcohol and Tax Division requires registered producers to post $10,000 license and tax bonds prior to conducting business. Producer license tax liability bonds are issued instantly for $100. However, because these bonds must be written to renew by January 1, your exact premium may be prorated.
Why do I need this bond?
By posting a Georgia registered producer’s license and tax surety bond, principals (registered producers) pledge to promptly pay all sums, including taxes, license fees, rental charges and other amounts, due to the state. Specifically, these bonds ensure that registered producers and joint registrants of distilled spirits comply with all provisions of the Georgia Alcoholic Beverage Code and any additional relevant rules and regulations.
If a principal fails to comply with these terms, the bond protects the harmed parties up to the full bond amount and the principal must reimburse the surety for all sums paid out.
What’s the fine print?
Registered producer bonds in Georgia expire on December 31, so your bond premium could be prorated depending on when you buy it. Our team of surety experts works hard to get you bonded according to your specific needs.
The bond can be canceled by the principal, the surety or the state as long as written notice is provided to the other parties no less than 60 days in advance.
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Call 1 (800) 308-4358 to talk with a Surety Expert today.