What Is an Alcoholic Liquor Dealer Bond?

An Alcoholic Liquor Dealer Bond is a type of surety bond required by the City of Evanston for businesses that sell alcoholic beverages. This $2,500 bond acts as a financial guarantee that the liquor dealer will:

• Comply with all applicable laws, including the Illinois Liquor Control Act and Evanston city ordinances.

• Pay any taxes, fees, or penalties associated with the sale of alcoholic beverages.

• Avoid violations, such as selling to minors or outside of permitted hours.

From my perspective, this bond is designed to protect the city and its residents from financial losses or legal violations that may arise from improper alcohol sales practices.

Who Needs an Alcoholic Liquor Dealer Bond in Evanston?

You are required to obtain a $2,500 Alcoholic Liquor Dealer Bond if you are:

• Applying for a liquor license to sell alcoholic beverages within the City of Evanston.

• Operating a bar, restaurant, liquor store, or other business that serves or sells alcohol.

• Renewing your liquor license as required by Evanston and Illinois state law.

In my observation, this bond is mandatory for all businesses involved in the sale of alcohol, regardless of their size or type. It’s a key part of maintaining your compliance with the city’s liquor licensing requirements.

How to Obtain an Alcoholic Liquor Dealer Bond

Securing an Evanston Alcoholic Liquor Dealer Bond is a simple process if you follow these steps:

1. Confirm the Bond Requirement: The City of Evanston mandates a $2,500 bond amount for liquor dealers, which must be submitted as part of your liquor license application.

2. Apply for the Bond: Work with a reliable surety bond provider, like Axcess Surety, to complete your bond application.

3. Submit Business Information: Provide details about your business, including your liquor license application and business history.

4. Pay the Bond Premium: The premium for a $2,500 bond is typically a small percentage of the bond amount, often ranging from $50 to $150 annually, depending on your credit.

5. File the Bond with the City: Once issued, file the bond with the Evanston city office as part of your liquor license application or renewal.

From what I’ve seen, working with an experienced surety provider makes this process quick and straightforward, ensuring you meet city deadlines without hassle.

How Much Does the Bond Cost?

The cost of the Evanston Alcoholic Liquor Dealer Bond depends on your credit history and financial standing. For a $2,500 bond, the premium is typically between $50 and $150 per year, though applicants with strong credit are more likely to qualify for the lower end of that range.

In my experience, even if you have less-than-perfect credit, most surety providers, including Axcess Surety, can work with you to find a solution that fits your needs.

Why Does Evanston Require This Bond?

From what I’ve observed, the City of Evanston requires the $2,500 Alcoholic Liquor Dealer Bond to:

• Ensure that liquor dealers comply with all applicable laws and regulations.

• Protect public welfare by discouraging unlawful practices, such as selling alcohol to minors.

• Guarantee that all required taxes and fees are paid to the city and state.

In my view, this bond plays an essential role in creating a fair and accountable system for alcohol sales while protecting the city’s residents and resources.