If you are engaged in the manufacturing. warehousing or wholesaling of alcoholic beverages in Michigan you are required by the Michigan Liquor Control Commission to file a Michigan Manufacture of Liquor Bond as a condition of licensure.
A surety bond protects the party requesting the bond, the Obligee, against any financial losses as a result of poor financial decisions, damages, unethical decisions, or a failure to follow state and local laws on the part of you, the Principal. The Michigan Manufacture of Liquor Bond holds you accountable for your business decisions.
By possessing a Michigan Manufacture of Liquor Bond, you are telling your Obligee that you can be trusted as a Principal and that you stand behind your business decisions.