CBP (U.S. Customs) does allow separately incorporated entities to be listed on the same bond as co-principals as long as the entities each have the same distinct legal status, such as corporations, partnerships or sole proprietorships. It is important for a company to understand the advantages and disadvantages of listing multiple entities on the same bond
In some situations, the issuance of this one bond in lieu of multiple bonds would result in a premium savings.
However, when listing multiple entities on the same bond, each entity becomes jointly and severally liable for the other entities listed on the bond. As a result, Customs is capable of enforcing all bondholders to pay a claim, regardless of which principal caused it.
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