If you are looking to start a motorcycle dealership in the state of California the first thing you need to do is get licensed and bonded.
If you are looking to sell new, used or wholesale motor vehicles, check out our other post “How to get a California Dealer License.”
You’ve just been told, “you need to get a surety bond.” And then you wonder, “how do I do that?”
If this is you, then you are in the right place. Here are the six steps you need to take to get a surety bond:
Short on time? Read our How To Get A Surety Bond FAQ.
The California State License Board (CSLB) licenses contractors in the state of California.
You must get licensed if you construct, alter, or offer to construct or alter any of the following:
• Building
• Road
• Highway
• Railroad
• Parking facility
• Excavation
• Other structure
In California (apart from federal projects in California) a person must be licensed by the CSLB if the total cost of materials and labor under one or more contracts of a project is $500 or more.
California contractor licenses are available in over 40 contractor classifications.
**Update: May 2018: We are transitioning from Surety OneClick to a new software solution. We have transitioned our Bond Cost Calculator to Agency Multiplied. For questions, please call our office at 866.722.9239**
Bad credit?
Past due bills?
Need a bond, but don’t want to pay a fortune?
For contractors with bad credit, the cost of a WA Contractor Bond can soar to ridiculous levels. But it doesn’t have to be this way. You can get a WA Contractor Bond for a reasonable rate regardless of your credit history if you shop your bond with the right companies.
Browse Washington Contractor Bonds. Get a bad credit bond quote.
When you are in charge of managing an estate, you have a large amount of responsibility. While your family and others with interests in the estate may trust that you can manage this responsibly, a Probate Bond provides reassurance to them.
Probate Bonds are often required during the probate process. Not sure how that works? Check out this post on how the probate process works.
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If you have been told you need a surety bond for your small business, you might confused about what you need to get.
There are 25,000 different types of surety bonds so it is impossible to speak to all of them, but here are five types of bonds that various small businesses might need before they can open their business doors.
As with all surety bonds, the does not protect the business. Surety bonds protects the customers of the business.
If a customer feels they were wronged, they can make a claim against company’s surety bond.
If you’re a successful contractor, you’re dedicated to completing projects correctly, on-time, and on-budget using high-quality materials and craftsmanship while adhering to the terms in your building contracts.
However, potential clients may not know about your strong commitment and work ethic.
To guarantee you will adhere to the construction contract, you may be required to get a surety bond. This is in addition to the regular Contractor License Bond required to become a contractor.
In fact, all federal contracts over $150,000 and most state contracts require builders to be bonded, and most private companies prefer contractors with surety bonds.
Just looking for how much a surety bond would cost? Get a free surety bond quote.
If you are applying for a business license, you may be required by your state government to obtain a surety bond to guarantee you will operate your business in compliance with state regulations.
If you have good credit and need to obtain a surety bond, you’ll have an easier time. In short, your credit score affects how much you’ll have to pay for your bond.
Here’s what you should know about your credit score and your surety bond rate.
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