What Is a Liquor License Bond?

A Liquor License Bond is a type of surety bond required by the Village of Ashmore for businesses that sell or serve alcoholic beverages. The bond guarantees that the business will:

• Abide by local, state, and federal liquor laws.

• Pay all necessary taxes and fees associated with alcohol sales.

• Operate responsibly to protect the public from potential harm.

Why Does Ashmore Require This Bond?

The Village of Ashmore requires this bond to:

• Enforce Compliance: Ensure businesses selling alcohol follow local ordinances and licensing requirements.

• Protect Public Interests: Provide recourse in case of violations, such as selling alcohol to minors or failure to pay taxes.

• Safeguard the Village: Minimize financial risks related to violations of liquor laws.

Who Needs a Village Liquor License Bond?

The bond is typically required for:

• Restaurants, bars, and taverns serving alcohol.

• Retail stores selling packaged alcoholic beverages.

• Any establishment applying for a liquor license within the Village of Ashmore.

How Does the Bond Work?

A Liquor License Bond involves three parties:

1. Principal: The business applying for the liquor license.

2. Obligee: The Village of Ashmore requiring the bond.

3. Surety: The bonding company that guarantees the principal’s compliance.

If the business violates liquor laws or fails to fulfill its obligations, the obligee can file a claim against the bond. The surety pays valid claims up to the bond amount but will seek reimbursement from the principal.

Benefits of a Liquor License Bond

• Compliance Assurance: Shows your commitment to following Ashmore’s liquor laws.

• Public Trust: Enhances your reputation as a responsible business owner.

• Financial Protection: Protects the village and its residents from damages caused by noncompliance.

Why Choose Axcess Surety?

At Axcess Surety, we’ve worked with numerous businesses to help them meet their liquor license bonding requirements efficiently. Based on our experience:

• Fast Approvals: We ensure you get bonded quickly so you can proceed with your licensing application.

• Competitive Rates: We offer affordable premiums tailored to your business size and needs.

• Expert Guidance: Our team provides clear instructions to help you navigate Ashmore’s bonding requirements.