Bellflower California Business License/Permit Bond
Don’t delay launching your business. Apply for this surety bond today!
What is a Bellflower California Business License/Permit Bond?
It a surety bond required of every business that will be established in the City of Bellflower in California as mandated by Section 5.04 of the Bellflower Municipal Code.
This type of bond is part of the business license/permit requirements that must be submitted to the Business License Division of the City of Bellflower.
The purpose of this surety bond is to enforce the standards established by the city ordinances, rules, regulations, and relevant statutes for each licensed business. Part of this is the prompt and full payment of necessary annual local business tax.
There are different businesses that require this type of bond. Here are some of them:
- Amusement, Dance, and Entertainment Permit
- Tow Car Business
- Block Party
- Escort Bureau
- Fire and Closing Out Sale
- Fortune Telling
- Home Occupation
- Massage Parlor Tech
- Mechanical & Electronic Amusement Device
- News Rack
- Patrol System & Private Patrolmen Business
- Sale of Goods & Merchandise from a Motor Vehicle
- Taxicab Business and Other Vehicles for Hire
How does a Bellflower California Business License/Permit Bond work?
The principal (business license applicant) is responsible for obtaining this bond. The principal will also be responsible for fulfilling the conditions listed on the bond.
The surety’s (surety bond provider) role is to guarantee the performance of the principal to the obligee (beneficiary of the bond). The obligee in this case will be the City of Bellflower.
If the principal violates any of the bond’s conditions, the obligee can take action on the bond to regain any monetary losses.
How much does a Bellflower California Business License/Permit Bond cost?
The bond cost/premium will depend on the bond amount. The bond amount will be determined by the Business License Division of the City of Bellflower upon application.
This will be based on different factors such as the business’ estimated tax liability, tax history, and the financial capacity of the license applicant.
If you have determined your bond amount, you may check your bond premium by getting your FREE QUOTE HERE from us!
Those who have excellent credit scores will only need to pay 0.5 to 1% of the bond amount!
How can I get a Bellflower California Business License/Permit Bond?
By following these simple steps:
STEP 1: Apply for the bond
You need to submit a bond application to us. If you’re ready to apply now, you may do so HERE!
STEP 2: Underwriting
We will ask you for a couple of important information needed for the bond. This will include your financial history, business performance history, tax payment history, and your credit score. An underwriter will carefully evaluate all those.
STEP 3: Bond issuance
Once the underwriter is done with the underwriting process, we will immediately issue the bond and send it to you!
Secure your license! Get your bond ASAP! APPLY HERE!