If you are engaged in the distribution of petroleum products in Mississippi you are required by the Mississippi State Department of Revenue to file a Mississippi Withholding, and Special Fuel (Diesel Fuel) Tax Bond as a condition of licensure.
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 Mississippi Withholding, and Special Fuel (Diesel Fuel) Tax Bond holds you accountable for your business decisions.
By possessing a Mississippi Withholding, and Special Fuel (Diesel Fuel) Tax Bond, you are telling your Obligee that you can be trusted as a Principal and that you stand behind your business decisions.