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Commercial Co-Venturer License Bonds for Alabama

Alabama telemarketers solicit donations for charities

Commercial Co-Venturers need to stay compliant with state laws. In Alabama, that includes obtaining a 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 “are businesses that conduct a sale, performance, or event for profit or other consideration, which will benefit a charitable or religious organization.”

The Alabama Code (13A-0-70 1996) provides the details for registration.

The following is required for registration:
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.

Premiums for the Alabama Commercial Co-Venturer Bond start as low as $100, depending on credit.

SuretyGroup.com

Phone: 1‑844‑432‑6637
Emailinfo@suretygroup.com
Fax:     404-351-3237
Hours: 8:00-5:00 CST, Monday through Friday


SuretyGroup.com is your online bond provider.





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