Corporate Bond for Intoxicating Liquor, Wine & 5% Beer Tax
The Missouri Department of Public Safety has required the obtainment of the Corporate Bond for Intoxicating Liquor, Wine & 5% Beer Tax. The required bond amount is varies and depends on financial standing but is generally $1,000. This bond is often referred to as the Alcohol Bond or Liquor, Wine, & Beer Bond.
The conditions of this bond requires that the taxpayer comply with all provisions of the Laws, Rules and Regulations of the State of Missouri pertaining to Missouri sales tax, and pay all sales taxes, penalties, and interest as required by the Laws, Rules and Regulations of the State of Missouri. The required bond amount is varies and is determined by the Department. This bond guarantees that the vendor will pay all taxes from the purchasing and selling of alcoholic beverages to State of Missouri.
The vendor shall fully comply with all of the provisions of the Missouri Statutes, and pay all taxes, interest, and penalties when they are promptly when due. If the vendor is delinquent in the payment of the taxes imposed, the Missouri Department of Revenue may recover the taxes, interest, and penalties from the surety bond.
This bond will protect your assets from unpaid taxes. The bond provides surety in regaining losses in fees, fines, and expenses imposed by state regulators. This bond provides state a peace of mind knowing that the entity has been backed by a third party surety company. If there are any poor financial decisions, damages, or violating of any laws or regulations, this bond will be used in favor of the state.
The surety company will payout if you are found at fault for a claim on your bond. These bonds are freely written and do not require a credit check. A quote can be obtained by completing the online application.
Link to Missouri Corporate Bond for Intoxicating Liquor, Wine & 5% Beer Tax Form: