Louisiana Sales Tax | Sales Tax Surety Bond
Also known as: sales tax bond
Type of Bond
A Louisiana sales tax bond is a type of surety bond that may be required by the Louisiana Department of Revenue from businesses operating within the state. The bond serves as a financial guarantee to ensure the proper collection, reporting, and remittance of sales tax to the state. The purpose of the sales tax bond is to protect the interests of the state and ensure compliance with sales tax laws and regulations. It provides assurance that the bonded business will accurately collect and report sales tax on taxable transactions and remit the appropriate amount to the Louisiana Department of Revenue in a timely manner. When a business applies for a sales tax permit or license, they may be required to obtain a sales tax bond. The bond amount is typically determined by the Department of Revenue based on factors such as the nature of the business, estimated sales volume, and the potential risk associated with sales tax collection. If the business fails to fulfill its sales tax obligations or violates any laws related to sales tax, a claim can be made against the bond. If the claim is validated, the bond issuer will provide compensation up to the bond amount to the state. The business is then responsible for reimbursing the bond issuer for the payout made on their behalf. In summary, a Louisiana sales tax bond is a surety bond required for businesses operating in the state. It ensures compliance with sales tax laws, protects the interests of the state, and provides a mechanism for compensation in case of non-compliance or violations related to sales tax collection and remittance.
Program
The price you'll pay for your Sales Tax Bond is generally based on your personal credit score. Start a free online quote by just completing a simple app or by calling 888-518-8011. Our experts will walk you through a very simple process. Compare our quote as the very lowest price, and then you're good to go! It's that simple!
We provide all types of Sales Tax Bonds. Worldwide Insurance Specialists, Inc. has "in house" underwriting authority with the largest and best Surety (Insurance) companies in the world including, Great American, Liberty Mutual, Philadelphia, Travelers, and CNA Surety. All of these surety bond companies are A-rated under the AM Best credit rating system, and T-listed with the U.S. Department of Treasury. This guarantees that by getting bonded through us, you will be provided the backing of these highly trustworthy and reliable companies.
Application
The application process for a Sales Tax Bonds is easy! Many Bonds are INSTANT ISSUE! Easy Application, no underwriting, no credit check, no GIA required. Our NEW Desktop underwriting program provides you with a rapid approval process used to determine the degree of risk that you (the Principle) complete a project or obligation. Non-INSTANT ISSUE quotes can also get instantly approved. Submissions require very little information from you. Once you file and sign an indemnity agreement, we issue the Bond. It's that simple! We quote and issue Surety Bonds of every type and will help you through the entire process. These applications only require basic information about your business, bond type, and ownership structure. Once the application is complete, we submit to the insurance company (Surety) who will then issue your bond. Don't pay too much! Get your Bond Fast, and Easy with the best price! Click here to start the Sales Tax Bond Application process.
Obligee Information
An obligee is the entity that is requiring you to have the Sales Tax bond.
For your convenience you can view a sample copy of the Louisiana Sales Tax Bond Form.
Obligee: Louisiana Secretary Of The Department Of Revenue
Street: 617 North Third St
State: Louisiana
Zip: 70802
If you or your business needs help in obtaining a surety bond or commercial insurance give us a call!