ERISA 4204 — Withdrawal of Liability Bonds — Part 2 of 2
When you agree to obtain a bond on behalf of the buyer or seller, you should determine who the bond principal will be. The bond principal must sign the bond. In order for the surety to issue the bond on behalf of a bond principal, they require their indemnity through...
ERISA 4204 — Withdrawal of Liability Bonds — Part 1 of 2
The ERISA 4204 section comes into play when an employer ceases covered operations under a multi-employer plan or ceases to have an obligation to contribute to such operation because of a bonafide, arms-length sale of assets to an unrelated purchaser who does not recur...
Airline Reporting Corporation (ARC) Carrier Service Agreement Bond
The Airline Reporting Corporation (ARC) allows travel agents who are authorized by the ARC to book flights for their clients now and pay later. It would not be feasible for the travel agent to pay for every flight they book as they book them. The travel agent is...