The Texas Continuous Bond of Seller is required by the State of Texas Controller of Public Accounts. It is often referred to as a Texas Comptroller Surety Bond. The Texas Continuous Bond of Seller states that the bond holder shall comply with all the provisions of the statutes and pay all taxes including interest, penalties, and costs. The penal sum for this bond will vary depending on the person or entity applying, but it will be in the greater amount of the following options: $100,000 or four times the amount of the average monthly tax liability.
A Texas continuous bond of seller guarantees to the obligee, the person or entity who requires the bond, that the bond principal (the person or entity who has to buy the bond) will pay the full amount of sales taxes due to the state. The State and the Controller of Public Accounts require this bond because it helps ensure that all revenue earned from sales tax is given to the state.
According to the Texas Administrative Code, any person who applies for a tax permit may be required to post a bond. It may also be required for any permitted retailer who is or has been delinquent in the payment of state or local sales or use tax.
Complete our easy to navigate online application. Within one business day, one of our licensed agents will contact you with a no-obligation quote for your bond (the “premium”). Once any necessary paperwork is signed and the premium payment is processed, your surety bond will be shipped to you via USPS Priority Mail (overnight shipping options also available).
The surety bond experts at Surety1 are here to help you get bonded quickly and reliably. We work with over a dozen “A” rated surety markets to ensure we find you the lowest rate for your bond. We are also licensed in all 50 states and maintain an A+ rating by the Better Business Bureau.