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Liquor Tax Bond

by | Oct 31, 2018 | License Bonds

Liquor Tax Bond

License, Permit & Miscellaneous Guarantee Bonds

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LIQUOR TAX BOND OVERVIEW:

Alcohol and liquor tax bonds guarantee payment of taxes or fees imposed by state or local law for the sale, manufacture or warehousing of liquor and other alcoholic beverages. The type of surety bond is a financial guarantee that protects the obligee, which in this case is the government entity that requires the bond, from falsified records of sale, or an inability to pay requisite taxes on previous sales.

These bonds are also referred to as Alcohol Ordinance Tax Bonds, Beverage Tax Bond, Brewer’s Bond, Distilled Spirits License Bond, Liquor License Bond, Malt Beverage License Bond, and Wine Bond.

Low Rates Based on Credit

Usually Issued Regardless of Credit

Bond Usually Available Regardless of Credit

Document Downloads
Application: Call underwriter for appropriate application at 1-818-715-7133

Alcohol Tax Bond FAQ

We want you to feel comfortable working with our surety bond company and realize you may still have questions. Our FAQ section below will help you understand more about our business and what we do. Let’s learn more!

What Are Liquor License Bonds?
These are also known as alcohol bonds and are just another type of compliance bond. The idea is to provide a guarantee that the applicable licensee will remain within compliance with any regulation, law, or statute that applies to the liquor license granted.

Depending on your state, you may find that different liquor bond types are featured. The bond will include the principal, which is the business purchasing the bond, the obligee, which is the beneficiary requiring the bond, and the surety company, which is the underwriter and issuer of the bond.

How Do I Acquire a Liquor Tax Bond?
The bonding process will always require you to find a surety company and abide by whatever steps are necessary. Thankfully, you’ve already gotten halfway there by visiting our page. S Philips Surety & Insurance Services Inc. specializes in bonds such as these.

We also make it easy for you to get a quote to understand what you may be looking at. Simply fill out the form under the “Get a Quick Quote Today” heading with the four simple details and let us take care of the rest!

How Does an Alcohol Tax Bond Work?
Like all other bonds, it’s an agreement between the three parties highlighted above. Note, however, that most other sureties and liquor bonds do have one key difference. Under normal circumstances, the bond is meant to guarantee some performance by the principal. However, wine bonds are meant to ensure that any financial payment of taxes will be collected on sales of liquor.

You’ll find that many surety companies avoid these bonds because financial guarantees carry a more significant risk than performance ones. However, we do not fall under that category and are happy to provide liquor tax bonds to our valued customers!

How Much Will I Have to Pay for a Liquor License Bond?
There isn’t a one-size-fits-all cost as far as a liquor bond amount goes. There will be several factors that go into determining that final number such as the requirement of the applicable state agency. Nevertheless, our quote request process is very straightforward so it will take no time at all for you to know what amount you may be looking at.
Does My Credit Affect My Ability to Secure a Surety Bond for a Liquor License?
While we do offer low rates based on credit, our bonds are usually issued regardless of what yours looks like, which is another reason we have managed to create a satisfied pool of clients throughout our time of operation.
When Is a Wine Bond Needed?
Businesses such as wineries, liquor stores, restaurants, and breweries will need alcohol surety bonds to get their liquor licenses. Operation requires the maintenance of the said bonds, which will be paid at the designated interval.
Are There Other Names Alcohol Tax Bonds Are Sometimes Called?
An alcohol bond may be called a series of other names including but not limited to alcohol ordinance bonds, beverage tax bonds, malt beverage license bonds, wine bonds, distilled spirits license bonds, etc.

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