The Georgia Malt Beverage Performance & Tax Liability Bond is required by the Georgia Department of Revenue at the amount of $5,000 for any entities wishing to obtain any of the following licenses:
This bond is required (for these specific licenses) as an assurance that the licensee will pay all taxes, license fees, and rental charges, and will operate in accordance with the Georgia state laws and regulations. If a customer is wronged or financially harmed by the illegal or unethical operation of the licensee, they can make a claim on the licensee’s Georgia Malt Beverage Performance & Tax Liability Bond. If settled, the surety company (the company that issued the bond) will pay out the claim, however the bond principal (the licensee in this case) must repay the surety for any losses incurred from the claim.
More information regarding these licenses and bond requirements can be found on the GA Department of Revenue website.
In order to obtain this bond, simply fill out our free online application! One of our licensed agents will contact you within one business day with a quote for the price to obtain your bond (the “premium”). If you choose to move forward after receiving your quote, we will have you sign any necessary paperwork and remit the premium payment, at which time we will ship your completed Georgia Malt Beverage Performance & Tax Liability Bond to you via USPS Priority Mail (with overnight shipping options also available).
What happens at renewal?
It is important to note that the Georgia Malt Beverage Performance & Tax Liability Bond has a mandatory expiration date of 12/31. This means that this bond must be renewed annually to maintain your business license. Approximately two months prior to this 12/31 expiration date, our office will send you an invoice to renew your bond for the next term. Once this premium payment is processed, we will send you a Renewal Bond or Continuation Certificate which you must submit to the state in order to effectively renew your bond with them. They require this bond renewal in order to renew your license, so be sure to renew your bond with us in a timely manner to ensure there are no issues in renewing your license.
Why choose Surety1?
At Surety1, our agents work with over a dozen “A” rated surety markets to ensure we are finding you the lowest price for your bond. We’ve been issuing surety bonds since 2003 and our quality, reliable service has led us to an A+ rating by the Better Business Bureau! Licensed in all 50 states.