Here’s A Little Taste of Alcohol Bonds to Wet Your Whistle
You may like champagne from France, wine from Napa, a special cocktail from your favorite restaurant, or a micro brewed beer from your local pub. Whatever your alcohol choice is, more than likely it came to you through various restrictions of statues, laws or ordinances from governmental entities such as the federal government, a state, a county or a municipality.
Most states and the federal government require bonds for alcohol if it has been manufactured for sale, shipped across country, warehoused or sold in a store or retail establishment, or served in a restaurant. Alcohol bonds can also be purposed to collect taxes, and can be a financial guarantee to comply with laws that are in place.
Businesses that make, sell, store, transport and sometimes serve alcohol must obtain bonds that are filed with various “obligee’s” or “owners.” Examples include the State of California, the US Department of Tobacco and Alcohol, and the City of Athens, Alabama. Each “obligee” has their own bond form, and the requirements vary. Also, if you are starting a new business such as a distillery, brewery, winery or liquor package store that is regulated by the Alcohol and Tobacco Tax and Trade Bureau (TTB), you can review an interactive tutorial for their requirements.
Understanding the bond process can be challenging; our bond specialists are here to help. SuretyGroup.com has been underwriting alcohol retail, liquor manufacturer, state and federal bonds for more than 35 years throughout the US, thus we are well versed in the requirements and processes. We have a team of experienced surety agents and in-house underwriting authority. This allows you to receive competitive low rates, quick approvals and immediate bond delivery. If you have any questions please call our surety professionals today at 1‑844‑432‑6637 or email firstname.lastname@example.org.
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