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
The premium you pay for the Alabama Commercial Co-Venturer Bond is dependent on credit.
Some non-profits are exempt from registration with the Attorney General. More non-profits are exempt in Alamaba than in any other state.
Check out our FAQ page or What’s a Surety Bond? page. Should you need or choose to buy a surety bond, call us first. SuretyGroup.com has been underwriting surety bonds throughout the U.S. for more than 35 years. When you work with us, you enjoy the unique benefit of dealing with a team of highly experienced surety agents with in-house underwriting authority. This allows you to receive competitive, low rates, quick approvals, and immediate bond delivery. In most cases, your bond will be delivered within 24 hours after you apply for it.
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