Ohio Boxing and MMA Promoter Bonds
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What Is an Ohio Boxing and MMA Promoter Bond?
Ohio boxing and MMA promoter bonds are license surety bonds that hold promoters liable for following all rules and regulations established by the Ohio Athletic Commission. They protect the state by ensuring that promoters:
- Pay all taxes owed to the state
- Compensate all participants involved in sporting events
- Act according to Ohio Athletic Commission guidelines
If an MMA promoter in Ohio breaks these bond terms, harmed parties can file a claim for compensation from the surety.
Who Needs a Boxing and MMA Promoter Bond in Ohio?
All boxing and mixed martial arts promoters in Ohio are required to file a $20,000 promoter surety bond with the Ohio Athletic Commission. The bond ensures that any participants in a mixed martial art or boxing content are properly paid. This includes officials, contestants, physicians and more.
The Ohio Athletic Commission also requires a $2,500 promoter tax bond for boxing, MMA and tough person competition promoters. This guarantees that the state will receive their tax payments even if the promoter fails to do so.
How Much Do Ohio Boxing and MMA Promoter Bonds Cost?
The $20,000 Ohio MMA promoter surety bond starts as low as $200 for applicants with strong credit. However, rates can vary, so apply to get an exact quote today.
We also issue the $2,500 Ohio Athletic Commission Promoter Tax Bond for a flat rate of $100 — no application required!
SuretyBonds.com does not charge any additional service fees.
How Does an Ohio Boxing and MMA Promoter Bond Work?
By posting a boxing/MMA promoter bond, the promoter agrees to follow all rules and regulations established by the Ohio Athletic Commissioner Chapter 3773-3. The bond contract legally binds three parties:
- The promoter: The principal upholding the bond obligation
- The Ohio Athletic Commission: The obligee of the bond
- The surety: The company backing the bond obligation
If the general public or the state suffers financial losses or other harm as a result of the principal’s actions, the surety bond offers protection up to the sum of the bond. Although the surety will initially cover the damages, the principal is ultimately responsible for reimbursing the surety.
How Do I Get a Boxing and MMA Promoter Bond in Ohio?
Submit an online request form today to get your Ohio MMA promoter bond. We’ll provide an instant quote based on your credit score. You can checkout online or over the phone at your convenience.
The Ohio MMA promoter tax bond is available for instant purchase. Simply enter your information and checkout online.
Once your order is processed, you’ll receive an email with your official bond documentation to file with the Ohio Athletic Commission.
How to Become an MMA/Boxing Promoter in Ohio?
To become a MMA and boxing promoter in Ohio, complete the following steps:
- Purchase a surety bond in the required amount
- Fill out a license application form
- Attach a passport-sized photo in the application
- Pay a $100–$200 licensing fee
For a full list of requirements, visit the promoter application link below.
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