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Have a question? +1 815-826-6324 (815-8-BondAI) phil@AmericasSuretyBonds.com
Army Veteran Owned | Expert Surety Bonds Since 2004
If you repair phones, computers, TVs or other consumer electronics in the Town of Beloit, this is the bond the Town looks for alongside your business license. It is filed with the Town Clerk and priced on an annual premium, and most shops can be quoted and issued the same day once the Town confirms the amount.
The Township Consumer Goods Repair (Electronics) bond is filed with the Town of Beloit, Wisconsin, by businesses that repair consumer electronics in the Town. It sits next to the Town's general business license, which every business and nonprofit operating in the Town must hold and renew each year through the Town Clerk. The Town sets the bond amount, so confirm the current amount and bond form with the Clerk's Office before the bond is issued.
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A common mistake on this bond is filing it with the wrong government. The Town of Beloit is a separate municipality from the City of Beloit, with its own Town Board, its own Code of Ordinances and its own Clerk's Office at 3000 S. Bartells Drive. This bond names the Town of Beloit as obligee and is filed there.
The Town of Beloit requires a business license to operate any business or nonprofit within the Town. The Town Clerk issues business licenses annually, the application fee is $30, and a $10 late fee applies to late submissions. Licensing and business regulation are covered in Chapter V of the Town Code of Ordinances, adopted May 17, 2017, which includes the general business license in section 5.14. An electronics repair shop files this bond with the Clerk as part of getting licensed and keeps it in force for as long as it operates.
A consumer goods repair bond is a promise from a surety company that the repair business will follow the Town's licensing rules and deal honestly with the customers whose devices it takes in. If the business breaks those obligations and a customer or the Town suffers a loss, a claim can be made against the bond. The surety pays valid claims up to the bond amount, and the business must then repay the surety. It protects the public, not the shop.
Call the Town of Beloit Clerk's Office at 608-364-2980 and ask for the current bond amount and whether the Town uses its own bond form. Have your legal business name exactly as it appears on your Town business license application so the bond and the license match.
This bond is for businesses in the Town of Beloit and names the Town as obligee. A Beloit mailing address alone does not tell you whether you are in the Town or the City, so confirm your location with the Town Clerk before filing.
The Town of Beloit sets the amount. Ask the Clerk's Office at 608-364-2980 for the current figure, then order the bond in that amount.
Yes. The Town requires a business license for any business or nonprofit operating within the Town. The application fee is $30 per year, with a $10 late fee for late submissions. The bond does not replace the license.
The surety looks at the bond amount the Town requires and the owner's personal credit. Strong credit generally earns a lower rate. You pay the premium to keep the bond in force, and the bond stays on file with the Town for as long as it is active.
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