How much does a transient vendor bond cost in West Virginia?
The Internal Auditing Division of the West Virginia State Tax Department requires transient vendors to post $500 surety bonds.
SuretyBonds.com issues these bonds instantly without a credit check! A 1-year bond costs just $100. We also offer multiple-year bonds for discounted rates, including 2 years for $175 and 3 years for just $250.
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Why do I need this bond?
By posting a West Virginia transient vendor surety bond, principals (transient vendors) pledge to comply with the provisions of Chapter 11, article 12 of the Code of West Virginia of 1931 and all subsequent amendments. Specifically, this bond ensures that principals pay the state all tax money owed on the sale of tangible personal property and file tax returns as required.
The bond protects the state from financial loss if the vendor fails to comply with these terms.
What’s the fine print?
Transient vendor bonds in West Virginia remain in full force and effect until canceled or violated. The bond must be renewed every 2 years from the date of its issuance.
How to become a transient vendor in West Virginia
To become a licensed transient vendor in West Virginia, applicants must do the following:
- file a special application
- obtain a special business license (business registration certificate)
- post a $5,000 surety bond
The special application requires the vendor to list the locations and dates of sales that will occur in West Virginia.
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