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What is an Illinois Remittance Agent Bond?
To ensure the payment of taxes and fees to Illinois, a surety bond is required for anyone who accepts money that will be remitted. The licensure prerequisite – in line with Section 1019.10 of the IAC – guarantees conformity by ensuring proper transmittal of all payments made during transactions performed through this process.This ensures consistency on behalf of both parties.
Do you need a bond for your company?
Swiftbonds is a leading provider of surety bonds. We offer the best rates, fastest service, and most professional customer service in the industry. Our goal is to make sure that we are always there when you need us.
If you’re looking for an easy way to get bonded quickly, call or email us today! We can help with any type of bonding requirement – from construction site safety to general liability insurance. You can even apply online! It only takes minutes and it's completely free.
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Why is the Illinois Remittance Agent Bond required?
Businesses must purchase a bond to activate their license or permit. This guarantees that if the business fails to comply with licensing and permit laws, they will be compensated by the surety company for any damages incurred due this negligence. Read a Illinois Private Employment Agency Bond ($5,000).
How does an Illinois Remittance Agent Bond work?
Getting an Illinois Remittance Agent Bond means you agree with the entity requiring it, called the obligee. Your surety company agrees to cover for you in case your clients or public make claims against their contract and need payment from your bond. If there’s ever any problems on either side of this agreement, only then will we get involved so that both parties can be satisfied. Get a Illinois Plumbing Contractor Bond – Sole Proprietor ($20,000).
How much does an Illinois Remittance Agent Bond cost?
Illinois Remittance Agent Bond is a type of surety bond that varies in cost and depends on the credit score of the applicant. Sometimes, personal or business financials may be required depending on what surety amount is needed for bonding purposes.
Can I get an Illinois Remittance Agent Bond with bad credit?
Swiftbonds offers a wide-range of approvals, regardless of credit history or bad credit. One key factor in our success is that we are able to work with 99% of applicants who have been turned down elsewhere due to their poor financial standing. Our knowledgeable underwriting staff will make sure you get the lowest possible price for your bond no matter what personal circumstances may be preventing you from getting approved for other companies' bonds. See a Illinois Plumbing Contractor Bond – Partnership ($20,000).
How to get your Illinois Remittance Agent Bond?
Would you like to know the first step in getting your Illinois Remittance Agent Bond? It's super easy! Fill out our quick online application and get a no obligation quote today. Our Underwriters will contact you within an hour of submission, or come chat with them on the phone for help applying. Have a Illinois Collection Agency Bond ($25,000).