Of the following: A. $10,000 or B. 10 percent of the dance studio’s gross income from the studio business in this state during the studio’s last fiscal year. 2. A copy of this bond must be furnished to the Illinois Secretary of State and must be accompanied by a declaration under penalty of perjury signed by the owner of the studio stating the dance studio’s gross income from the dance studio business in this state during the last fiscal year. Bond of Dance Studio to the People of the Sta.
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How to fill out the IL I 222 online
Completing the IL I 222 form online is an essential step for dance studios in Illinois to fulfill their bonding requirements. This guide provides a clear and structured approach to help you navigate each section of the form, ensuring you meet all necessary criteria.
Follow the steps to successfully complete the IL I 222 form.
- Click ‘Get Form’ button to obtain the form and open it in your preferred editor.
- Fill in the bond number in the designated field at the top of the form.
- Indicate the premium amount that corresponds to the bond for your dance studio.
- Provide the name of the principal (dance studio) and the business name under which you are operating.
- Identify the surety company by entering its name, along with the state where it is organized.
- Specify the penal sum, which must be equal to either $10,000 or 10 percent of your studio's gross income from the last fiscal year.
- Complete the signature fields as required, noting whether the principal is a corporation or an individual.
- Include the date of execution along with the notary public's signature in the appropriate areas.
- Proceed to fill out the declaration section where you will state the gross income from your studio’s business for the last fiscal year.
- Validate your entries and ensure all information is correct before proceeding to finalize your form.
- Finally, save your changes, then download, print, or share the completed form as needed.
Complete your IL I 222 form online today and ensure compliance for your dance studio.
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