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West Virginia bonds

West Virginia — Wage And Fringe Benefits (Sole Proprietor/Partnership) Bond

Sole proprietor or partnership asked for West Virginia wage security? Bring your legal business form and Division of Labor request to Purchase Now.

Continue to our secure checkout partner, Propeller (opens in a new tab).

Recorded state
West Virginia
Bond type
Wage & Fringe Benefits Bond
Category
Employment, wages & benefits

What this bond does

For employers subject to §21-5-14, the security guarantees employee wages and fringe benefits when due. The official forms index distinguishes sole proprietors/partnerships from corporations, LLCs and LLPs.

Who needs it
Employers in the statute's covered construction or mineral activities, subject to applicable exemptions or waivers, using the actual sole-proprietor/partnership form.
Who it protects
The statute makes security payable to the State of West Virginia; the published entity form names the West Virginia Division of Labor. Match the current accepted recipient wording rather than substituting a private union fund.

Your bond option

This is the option on record for this bond.

The bond amount describes the limit of the bond obligation, not the price. A listed amount does not establish what the requesting party requires. The premium is what you pay and must be confirmed for the actual option. An E&O limit, where listed, is separate errors and omissions insurance.

Match the business form and complete execution packet

Use the required legal principal, owner/partner and business-name fields. The official index groups LLPs with corporations and LLCs, separately from this category. A trade name alone does not determine the entity form.

The currently linked four-page form is dated June 23, 2017. It includes principal/surety acknowledgments and an Employer's Authorization page, which it says must be completed before Attorney General approval. Its note requires matching signature and acknowledgment dates. The acknowledgments also use corporation wording despite the sole-proprietor/partner heading; confirm the current accepted entity/execution packet rather than choosing an entity type from that wording.

Sources

Have these ready

  1. Legal entity form and required principal, owner/partner and business-name entries.
  2. Actual Division of Labor request and applicable coverage/exemption determination.
  3. Full-capacity gross-payroll information for the statutory security calculation.
  4. Current accepted instrument, recipient wording, requested sum and dates.
  5. Complete issued-bond acknowledgment/authorization and delivery instructions.

Questions about this bond

Which payroll information helps establish the security?

For covered employers, §21-5-14 uses four weeks of gross payroll at full capacity plus 15 percent. Bring the actual payroll information and agency request; no specific sum is supplied by this purchase option.

Does Partnership automatically include an LLP on this form?

The official forms index places LLPs in the separate corporation/LLC/LLP category. Match your actual legal business form and current accepted packet.

Does applying complete the four-page form?

No. The published form contains execution, acknowledgment and Employer's Authorization requirements. Use the current accepted version and directions; a provider application is not those completed documents or Attorney General approval.

Where do I begin online?

Use Purchase Now to open Propeller in a new tab with the full employer request. Review the issued form and complete the required execution and agency submission. Applying does not establish acceptance by the Division of Labor.

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