The Texas Promoters Gross Receipts Tax Bond for $15,000 was put in place by the State of Texas to ensure that you will pay all gross receipts taxes due from Boxing and MMA events you promote. The other condition of becoming a licensed promoter, besides the application, is an interview with Combative Sports personnel. Please refer to the Texas Department of Licensing and Regulation for more information.
Please note that you will also have to execute a Texas Promoters Gross Receipts Tax Bond in tandem with this Texas Promoters Gross Receipts Tax Bond to obtain a license.
Bonds Express offers a Texas Promoters Gross Receipts Tax 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 Texas Promoters Gross Receipts Tax Bond holds you accountable for your business decisions.
By possessing a Texas Promoters Gross Receipts Tax Bond, you are telling your Obligee that you can be trusted as a Principal and that you stand behind your business decisions.