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How Do I Get a Commercial Co-Venturer Bond in Alabama?

Alabama telemarketers solicit donations for charities

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 “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.

What Does This 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.

Related Links:

State of Alabama Information for Professional Fundraiser or Commercial Co-Venturer and Professional Solicitors
Alabama Criminal Code - Charitable Fund

Contact SuretyGroup.com

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






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