Who Requires a Bond?
Many Georgia state departments and agencies have a bond requirement for the issuing of licenses and permits. The Real Estate Appraisers Board, Athlete Agent Regulatory Commission, Department of Banking and Finance, Department of Revenue, Registration Unit, the Alcohol Licensing Unit and the Used Motor Vehicle Division, Department of Agriculture, the Georgia Lottery Corp., Department of Natural Resources, the Office of the Commissioner of Insurance, Department of Transportation, to name a few have bond or other financial responsibility requirements that must be met.
In addition to the state, many county courts such as Fulton County Probate Court, DeKalb County Probate Court, Gwinnett County Probate Court, municipalities such as the City of Atlanta and Cobb County, and private entities may have a bond requirement for purposes such as for the administering of an estate, contracts, right-of-way and more.
How Much Will This Bond Cost?
Bond amounts in Georgia vary by the type of bond needed and the bond amount required. The premium or cost that you pay can depend on many factors including bond type, your credit history, length of time in business and may require personal or business financial statements.
Common Georgia Bonds
There are many bonds that are required by the state of Georgia for registration, license and permit, court, contract and tax purposes. The most common bonds for Georgia include the following: