California Bond of Seller (Sales Tax Bond)
California Bond of Seller (Sales and Use Tax Bond) Information
A Bond of Seller is a surety bond required by the California State Board of Equalization for many businesses that sell taxable items in the state. The state uses a formula to determine the bond amount required based on estimated sales tax revenue collected by the business. Applicants should have the bond amount requirement from the state prior to requesting a surety bond quote so we can provide an accurate quote.
What does a Bond of Seller Protect Against?
The bond provides a guarantee to the State of California that sales taxes will be collected and paid by all sellers in the state according to the California Revenue and Taxation Code.
Other Helpful Information and Links
Once you have received your original bond from Surety Bonds Direct, it needs to be filed with the California State Board of Equalization along with other required documentation.