Wrestling Promoter Bond
Those in the business of promoting wrestling competitions are required by the Texas Department of Licensing and Regulation to hold surety bonds prior to the competition date. In addition, promoters are can be to post another bond to cover gross receipts tax. These bonds are subject to underwriting based on the personal credit history of the applicant. These bonds are required in order to protect any person injured or aggrieved by a principal’s (promoter’s) unlawful business practices up to the full penal sum of the bond.
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