If you are engaged as a Promoter for Boxing, MMA, or other Unarmed Combative Sports exhibitions, you are required by the New York State Athletic Commission to execute a New York Promoters License Guarantee Bond in the amount of $20,000 to ensure gross receipts tax compliance with Chapter 714 of the Laws of 1921 and 19 NYCRR.
Bonds Express offers a New York Promoters License Guarantee 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 New York Promoters License Guarantee Bond holds you accountable for your business decisions.
By possessing a New York Promoters License Guarantee Bond, you are telling your Obligee that you can be trusted as a Principal and that you stand behind your business decisions.