leftturndistilling Posted December 10, 2012 Share Posted December 10, 2012 Just thought I'd blast this out ... I have been writing a business plan, collecting equipment, and setting up my building for over a year now, and the WHOLE time I have been dreading the whole DSP bond thing !!!.. From looking over all of the posts related to bond problems, and the vague instructions in the CFR 27, and the confusing bond form 5110.56 , I have really been stressing over this issue.... Last week I took some advice from an earlier post and called Mary Allen @ MIV insurance 707-299-2408 ... WOW!!! Painless !! One phone call 2 emails and it was done !!! Easiest experience I've had in this whole process but the one I worried about the most ... Proof the forum works!!... Thanxxxx to all !!!... Brian psss... I'll formally introduce myself after I send off my DSP application (maybe next week!!)... Link to comment Share on other sites More sharing options...
Beauport Bob Posted December 10, 2012 Share Posted December 10, 2012 Just curious, and for comps, would you feel comfortable with detail info? Coverage amount, cost, WIP/warehouse %? Link to comment Share on other sites More sharing options...
leftturndistilling Posted December 10, 2012 Author Share Posted December 10, 2012 I dont have a problem sharing BUT ... you really need to work through the numbers for your own situation....mine was 183 pg 15 day production 1105 pg storage/ in transit 145 pg processing / bottling = 1433pg = $ 19,345.00 tax liability I went apx double the 15 day production for withdrawl = 4000.00 Cost for the bond was 1.5% .... Hope this helps ,.. Link to comment Share on other sites More sharing options...
Mash Posted December 10, 2012 Share Posted December 10, 2012 Mary handled my bond for Appalachian Mountain Spirits. Quite happy in the end. Link to comment Share on other sites More sharing options...
jwymore Posted December 11, 2012 Share Posted December 11, 2012 Thanks for posting this, I am pretty much in the same spot as you and have been a bit confused by the whole bond thing and how to best get it handled. Link to comment Share on other sites More sharing options...
adamg Posted January 24, 2013 Share Posted January 24, 2013 I had talked with a TTB agent and they suggested a 15k bond to start with another 1k for withdrawal Link to comment Share on other sites More sharing options...
bluestar Posted January 25, 2013 Share Posted January 25, 2013 For most bond agents, you minimum premium is $100 regardless, so get the max you can get for $100. Link to comment Share on other sites More sharing options...
FrEwing Posted February 13, 2013 Share Posted February 13, 2013 Good Info. I just spoke to Mary and she was very helpful. A bit confusing at first but helpful as she got acclimated to the idea, I know nothing about bonding and what's to be considered. She is emailing a worksheet to determine what I'll need. Lets see how that goes. Link to comment Share on other sites More sharing options...
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