How much does a malt beverage bond cost in Virginia?
The Virginia Department of Alcoholic Beverage Control requires malt beverage manufacturers, bottlers and wholesalers to post surety bonds in varying amounts based on the volume of business conducted by the applicant. Bond amounts must fall between $1,000 and $100,000. Applicants should verify their required bond amount with the state prior to bonding.
Your required bond amount, as well as a review of your personal credit report determines how much you’ll pay for your Virginia surety bond. The best way to find out exactly how much you’ll pay for your bond is to request your free bond quote now!
|Bond Type||Bond Amount||Cost by Credit Score*|
|680 and up||679 - 600||599 or lower|
|Malt Beverage Manufacturer's, Bottler's or Wholesaler's Bond||Varies||Starts at 1%||4-8%||10%+||Apply Now|
Call 1 (800) 308-4358, or submit a bond request, to begin the bonding process. Our experts can provide your free surety bond quote within 1 business day of submitting your application.
Why do I need this bond?
Virginia malt beverage manufacturer, bottler and wholesaler bonds ensure that principals (manufacturers, bottlers and wholesalers) file reports showing the quantity of all beer and beverages manufactured, bottled or sold during the preceding calendar month and the amount of tax, if any, for which the principal is liable with the board on or before the 10th day of each month. The bond also ensures that the principal pays all excise taxes due to the board as required by the provisions of Chapter 4.1 of Title 4.1 of the Code of Virginia.
If the principal fails to comply with these terms, the bond protects the state from financial loss up to the full amount of the bond.
Our experts work hard to get you the bond you need for the lowest premium rate possible. Apply for your free bond quote now!
What’s the fine print?
Malt beverage manufacturer, bottler and wholesaler bonds in Virginia remain in full force and effect until canceled or violated by the principal. The surety can cancel the bond by giving written notice of cancellation to the board at least 30 days prior to the effective termination date.
This bond requires both the applicant and surety’s signature to be acknowledged by a notary public.
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