The Georgia Paid Solicitor Bond is required by the Securities and Business Regulation for the state of Georgia for any entity wishing to register as a Paid Solicitor.
What are the requirements in order to be a paid solicitor in Georgia?
The Georgia Code defines a paid solicitor as a person other than a commercial coventurer who, for compensation, performs for a charitable organization any service in connection with which contributions are, or will be, solicited within or from this state. A paid solicitor shall also include any fund raising counsel who at any time has custody of contributions from a solicitation. Note: a bona fide salaried officer, employee, or volunteer of a charitable organization is not considered to be a paid solicitor.
In order to operate as a Paid Solicitor, the applicant must register with the GA Secretary of State, Securities and Charities Division. The following application requirements must be submitted:
- Completed registration application form (S-100)
- Payment of $250 for the initial application fee
- Financial statements
- A $10,000 Georgia Paid Solicitor Surety Bond payable to the state of Georgia (form S-100D).
More information about these requirements and processes can be found on the GA Secretary of State website.
What is the purpose of a Georgia Paid Solicitor Surety Bond?
This bond is required to ensure the registered paid solicitor operates in accordance with the Georgia Charitable Solicitations Act. If the paid solicitor operates outside of these regulations, a claim can be made on their Georgia Paid Solicitor Surety Bond. If settled, the surety company (the company that issues the bond) will pay out the claim. Unlike insurance however, the bond principal (the paid solicitor in this case) must repay the surety for any losses incurred from the claim.
Where can I get a Georgia Paid Solicitor Bond?
At Surety1.com we make it easy to obtain this surety bond. Our simple, three step process is:
- Complete the easy to navigate an d secure online application. 1
- Review the free, no obligation quote from one of Surety1’s professional surety bond agents, usually within one business day.
- Sign some paperwork and pay the bond premium.
Once these steps have been completed, the Georgia Paid Solicitor Bond will be shipped to the bond principal (applicant) for the required original signature.
1-The name of the applicant on the surety bond application must match exactly the full legal business name of applicant for the license.
Why choose Surety1?
Surety1.com is a service of AssuredPartners one of the largest and fastest growing insurance agencies in the nation. Representing over a dozen surety bond companies, Surety1.com is the premier online provider of surety bonds nationwide since 2003.
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.