Beer Bond {365-1}

MARYLAND FORM 365-1 - BEER BOND. This form is a surety bond required for businesses engaged in the sale of beer within the state of Maryland. Filed with the Comptroller of Maryland, this form establishes a financial guarantee, usually in the amount of $1,000, that the licensee (principal) will comply with state tax laws, including filing required reports and paying all applicable beer taxes, penalties, and interest. The bond is executed by both the business and a surety company and remains in effect until properly canceled in accordance with statutory requirements. It serves as a safeguard to ensure compliance with Maryland’s Tax-General Article. www.FormsWorkflow.com