Some states require a Sales Tax Bond to guarantee that a dealership will pay the anticipated sales taxes on yearly acquisitions. A Sales Tax Bond is considered a financial guarantee surety bond, which obligates the surety company to pay a certain amount of money if the merchant (your dealership, for example) fails to pay collected funds to the obligee (the state), or there is incorrect reporting. This bond guarantees the payment of a sum of money at the future date.
We at Dealer Protection Group (DPG) can help you obtain a Sales Tax Bond and facilitate the paperwork involved, including a credit check, the screening process, and application approval.
Protect yourself from a bond claim.
Errors and oversight happen. Be sure you’re properly bonded. Call us at 949.208.8550.