Mississippi Transient Merchant Bonds
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What Is a Mississippi Transient Merchant Bond?
Mississippi transient merchant or vendor bonds protect consumers and the state from financial harm due to unlawful business practices. Under this surety bond, transient businesses guarantee local governments that they will pay all taxes, interest, fees and fines.
How Much Do Transient Merchant Bonds Cost in Mississippi?
Mississippi transient merchant or vendor bonds are available for instant purchase for just $100 annually. Or, you can save 25% each subsequent year by selecting a multi-year term. Select the bond you need below to buy online in minutes.
How Do I Get a Transient Vendor Bond in Mississippi?
You can buy a Mississippi transient merchant bond online on SuretyBonds.com with just three steps:
- Purchase your bond online
- Receive your bond instantly via email
- File the bond with your local licensing authority
How Does a Mississippi Transient Merchant/Vendor Bond Work?
In Mississippi, a transient merchant bond binds three parties in a legal contract:
- Principal: The merchant or vendor purchasing the bond
- Obligee: The government office requiring the bond
- Surety: The company issuing the bond
If a Mississippi vendor creates damages or financial loss, harmed parties can file a claim for compensation. The surety will pay out valid claims, then the transient vendor must refund the surety.
Who Needs a Mississippi Transient Merchant Bond?
In Mississippi, transient businesses must be bonded to operate in the following cities and counties:
- Canton
- Jackson
- Meridian
- Sardis
- Tupelo
- Hancock County
Visit your local business licensing office for more information on license/permit and bond requirements.
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