What is the purpose of the California Bond of Seller Bond?
This bond, required by the California State Board of Equalization, ensures that sales tax is provided to the state correctly and on time. Where sales tax applies, sellers must carry the California Bond of Seller Surety Bond. The amount can vary considerably, but is limited by the liability of those filing returns and may not go above $50,000. To determine the cost of the California Bond of Seller Surety Bond, complete our easy online application.
The amount for the bond may be different for every applicant. It can be any of the following: twice the estimated average liability of people filing for returns in quarterly periods; three times the estimated average liability of people filing for returns in monthly periods, or $50,000. The lesser of the three will be the amount that needs to be paid. Take note that $50,000 is the maximum. Even the estimated average liability is more than $50,000, the bond amount is still the same.
How do I obtain a California Bond of Seller Surety Bond?
Complete our easy to navigate online application. Within one business day, one of our licensed agents will contact you with a no-obligation quote for your bond (the “premium”). Once any necessary paperwork is signed and the premium payment is processed, your surety bond will be shipped to you via USPS Priority Mail (overnight shipping options also available).
The surety bond experts at Surety Solutions Insurance Services, Inc. (Surety1) are here to help you get bonded quickly and reliably. We work with over a dozen “A” rated surety markets to ensure we find you the lowest rate for your bond. We are also licensed in all 50 states and maintain an A+ rating by the Better Business Bureau.