Form A-133 Surety Bond - Wisconsin

What Is Form A-133?

This is a legal form that was released by the Wisconsin Department of Revenue - a government authority operating within Wisconsin. As of today, no separate filing guidelines for the form are provided by the issuing department.

FAQ

Q: What is Form A-133 Surety Bond?
A: Form A-133 Surety Bond is a document required by the state of Wisconsin for certain types of businesses, such as contractors, to provide financial assurance that they will fulfill their obligations.

Q: Who needs to file Form A-133 Surety Bond?
A: Certain types of businesses in Wisconsin, such as contractors and construction companies, are required to file Form A-133 Surety Bond.

Q: What is the purpose of Form A-133 Surety Bond?
A: The purpose of Form A-133 Surety Bond is to protect consumers and ensure that businesses fulfill their contractual obligations, particularly in the construction industry.

Q: How does Form A-133 Surety Bond work?
A: Form A-133 Surety Bond serves as a guarantee that if a business fails to fulfill its contractual obligations, the bond amount can be used to compensate the aggrieved party.

Q: Are there any fees or costs associated with Form A-133 Surety Bond?
A: Yes, businesses are required to pay a fee to obtain Form A-133 Surety Bond. The specific amount may vary depending on factors such as the bond amount and the business's creditworthiness.

Q: How long is Form A-133 Surety Bond valid for?
A: Form A-133 Surety Bond is typically valid for a specific period, such as one year. After the bond expires, it may need to be renewed.

Q: What happens if a business fails to file Form A-133 Surety Bond?
A: Failure to file Form A-133 Surety Bond when required may result in penalties and legal consequences for the business, such as fines or suspension of business operations.

Q: Can the bond amount be returned to the business after the completion of a project?
A: The bond amount is generally not returned to the business after the completion of a project. It serves as a protection for the aggrieved party in case the business fails to fulfill its obligations.