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  1. Join Date
    Oct 2007
    Posts
    179

    Sole Proprietor Taxes ok?

    I am applying for a quote on a bond. I am a sole Proprietor and do not have Corporate Financials. Is it acceptable to use a tax return? Will the amounts of money I am transmitting make a difference for the premium of the bond?

  2. Join Date
    Oct 2007
    Posts
    80

    Since you are a sole proprietor - your individual taxes should suffice - along with your personal financial statement. The amount of the money(s) tranferred will probably determine the amount of the bond the state is requiring you to obtain - which will certainly have an impact on your annual premium. The premiums are a percentage of the bond amount.

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