license and permit bonds

Illinois Motor Vehicle Dealer Surety Bond Amount Increase

SURETY BOND UPDATE: Illinois Motor Vehicle Dealer Surety Bond Amount Increase

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The motor vehicle dealer law in the State of Illinois has been relatively unchanged for quite some time. But since the 1st of January 2018, newly amended provisions of the Illinois Vehicle Code have taken effect. The changes will include a surety bond increase for new vehicle dealers and used motor vehicle dealer license applicants …

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how to verify surety bond

How can a surety bond be verified?

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Much has been said about the key players of a surety bond, the process of obtaining a bond, and the role a surety bond plays in a specific industry or business. However, the issuance of a surety bond is not the final stage in the bonding process. Both the Principal and the Obligee need to verify its authenticity in order to prevent …

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az surety bonds

Surety Bond in Arizona: 10 Types of Businesses that Require a Surety Bond

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Surety bonds are not only for contractors or individuals involved in court proceedings. When you’re entangled in the commotion of starting a new business, it’s pretty easy to ignore the need for surety bonds. Getting a surety bond is the first step to obtaining licenses and permits for new business owners. Here, we list down …

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california car wash bonds

California Car Wash Bonds – Providing Financial Compensation to Employees

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Did you know that there is a car wash bond? Yes. In fact, the most prominent places in the United States that require a car wash owner to secure a car wash bond are in California and New York. A car wash bond, as with all surety bonds, aims to serve as a financial compensation …

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medical marijuana surety bonds

Medical Marijuana Dispensaries: Surety Bonds for Selling Pot

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Many states in the U.S. have already legalized medical marijuana including Arizona, Arkansas, New Mexico, etc. States like California and Nevada have legalized marijuana for both medical and recreational use. In several marijuana-legalized states, there are commissions and organizations charged with overseeing and drafting their state’s medical marijuana program established by voter approval. Voters approve …

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private school bonds

Private School Bonds Ensure Financial Recourse For Parents and Students

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Most parents take their children’s education very seriously. Education is so important that many parents purchase properties based on the proximity and reputation of the schools. Private schools are often selected because it puts a child in a safer environment, offers a deeper sense of values, and does an excellent job in preparing a child …

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get a surety bond

Selling Fishing Licenses? Then You Need To Get a Surety Bond

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Are you selling fishing licenses? Why would you need to get a surety bond if you are issuing or selling fishing licenses? Because the law requires it. Your state may require you to secure a fishing license bond if you are planning on selling fishing licenses. Same goes for selling hunting licenses. Fishing or hunting …

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waste tire hauler bonds

California Waste Tire Hauler Bonds: For Public Health Protection and Waste Management

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In compliance with the California Uniform Waste and Used Tire Manifest System, waste tire haulers, generators, and other end-use facilities must secure valid permits when hauling tires. And to get permit approval, they need to get a waste tire hauler surety bond. But first, let’s describe what makes a waste tire hauler. A waste tire …

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Your Guide to Freight Forwarding Bonds

Freight Forwarder Bond: Your Ultimate Guide

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With the ports of Long Beach and San Pedro readily accessible and serving as a key hub for international manufacturers and domestic importers, freight forwarding is a major industry in Southern California. But before a newly established freight broker begins to handle and move freight through air, land, sea, or rail, they must secure a …

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