Micro-distilleries of premium distilled spirits are now required to execute a Minnesota Distilled Spirits Manufacturers and Wholesalers Bond under HB 1326 in the following amounts:
- $2,000 if manufacturing or wholesaling less than 20,000 gallons of 95% alcohol per year
- $3,000 if manufacturing or wholesaling less than 40,000 gallons of 95% alcohol per year
Bonds Express offers a Minnesota Distilled Spirits Manufacturers and Wholesalers Bond with a 99% approval rate.
A surety bond protects the party requesting the bond, the Obligee, against any financial losses as a result of poor financial decisions, damages, unethical decisions, or a failure to follow state and local laws on the part of you, the Principal. The Minnesota Distilled Spirits Manufacturers and Wholesalers Bond holds you accountable for your business decisions.
By possessing a Minnesota Distilled Spirits Manufacturers and Wholesalers Bond, you are telling your Obligee that you can be trusted as a Principal and that you stand behind your business decisions.