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How much does a boxing and MMA promoter bond cost in Texas?
The Texas Department of Licensing and Regulation requires individuals who promote combative sport competitions to post $15,000 surety bonds prior to the competition date. These individuals must also post an additional $15,000 bond for gross receipts tax.
These bonds are subject to underwriting consideration, so the price you’ll pay depends on a review of your personal credit report. Bad credit? No problem! SuretyBonds.com offers an exclusive bad credit bonding program through which we approve 99% of all applicants for the bonds they need quickly, easily and accurately. Get your free bond quote now!
Call 1 (800) 308-4358 or click here to connect with a combat sports promoter bond expert who will walk you through each step of the bonding process.
Why do I need this bond?
Combative sports promoter bonds and combative sports bonds for gross receipts tax in Texas protect any person injured or aggrieved by a principal’s (promoter’s) unlawful business practices up to the full penal sum of the bond. Specifically, the bond ensures that principals conduct business and pay all taxes in accordance with Chapter 2052 of the Texas Occupations Code.
Our experts make purchasing the Texas surety bond you need fast and easy. Get started now!
What’s the fine print?
Texas combative sports promoter and gross receipts tax bonds remain in full force and effect until canceled by the surety. The surety can cancel the bond at any time by giving written notice of cancellation to the Texas Department of Licensing at least 30 days prior to the effective cancellation date.
How to become a combative sports promoter in Texas
Before a promoter can legally partake in a combative sporting event in Texas, he or she must be licensed. Promoter applications must be sent to the Department of Licensing and Regulations. Each application must be accompanied by:
- licensing fees
- $15,000 surety bond
- $15,000 surety bond for the payment of taxes
All licenses are valid for one year.