Alabama Commercial Co-Venturer Surety Bond

Commercial Co-Venturers need to stay compliant with state laws. In Alabama, that includes obtaining a Commercial Co-Venturer Surety Bond.

The State of Alabama Office of the Attorney General, Consumer Protection Section is responsible for registration of commercial co-venturers or professional fundraisers, telemarketers, charities, professional solicitors, health studios and protection of consumer services.

The Attorney’s General Office defines a Commercial Co-Venturer as follows any person or business that conducts a sale, performance, or event for profit or other consideration which will benefit a charitable or religious organization. Every charitable organization is required to be registered and must also file a copy of the articles of organization or incorporation, agreement of association, instrument of trust, constitution or other organizational instrument and bylaws, a charitable organizational charter, and a statement of the place where and the date the organization was legally established, the form of this organization, and its tax exemption status attaching federal or state tax exemption determination letters with the Attorney General.Alabama Criminal Code 13A-9-71

Surety Bond and Registration Requirements:

1. Completion of the Commercial Co-Venturer Registration Statement with an original notarized signature and payment of the registration fee.
2. Within 90 days of terminating a contract, submit a closing statement with the Attorney General Office disclosing gross receipts and all expenditures incurred during the contract period.
3. Obtain a $10,000 surety bond and submit the original with the registration statement.
4. Registration and bonds renew annually September 30th of each year.

How Much Does an Alabama Commercial Co-Venturer Bond Cost?

The premium you pay for the Alabama Commercial Co-Venturer Bond is dependent on credit.

Did You Know?

Some non-profits are exempt from registration with the Attorney General. More non-profits are exempt in Alamaba than in any other state.

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