For those who are thinking about starting up a business, many legal to-do’s must be checked off before assisting clients. If someone wants to open a barber shop, there are some steps that need to be taken first such as getting bonded.
Similar to all other surety bonds, each state has its own bonding requirements, although the three parties of the bond …
Lost a cashier’s check? Don’t panic. The solution may not be as straightforward as issuing a stop-payment but there are simple actions you can take to ensure the money gets where it needs to go without facing a major loss.
First, contact the issuing bank to inform them of the situation.
You will be asked to make a …
Any company in California that does business as an immigration consultant must file a surety bond before consulting clients. This bond must be obtained in order to file for and to receive a license. A bond must be posted as a part of the licensing process.
This surety bond protects the client that is financially and/or legally affected from …
Businesses that engage in operating parking lots are required to get a parking lot tax bond. The bond ensures that loss from theft, damage, and taking of a vehicle that is in custody of the parking lot owner/operator will be repaid to the customer. Each city and county within a state requires a particular form of a parking lot tax …
Employees Benefit from this Bond
Car washes need to be bonded with a car wash bond in order to comply with state, city, or county laws and regulations. Employees benefit from this bond since it protects employees from their employers taking advantage of them financially and legally. With this bond, employees are guaranteed full earned wages, fringe benefits, gratuities, and interest. …
Unions require this bond in order for them to be able to negotiate collective bargaining agreements with companies. If a union member does not abide by the obligations stated in the bond, the bond amount can be used to repay claims for wages, salaries, fringe benefits and compensation for services. Union dues and benefits are guaranteed to be paid by …
A contractor provides this type of bond which guarantees that the contractor will repay or settle the cash paid in advance by the owner of the contract.
An advance payment surety bond assures the owner of the contract the contractor will fulfill his/her promised duties. A bond tells clients the contractor is legal and allows clients to be assured they …
The Arizona Department of Transportation requires all aircraft dealers to file a $10,000 surety bond, and the State of Washington requires a $25, 000 surety bond. These bonds are necessary in order to comply with local, state, and federal licensing requirements.
Each state has their own form of an aircraft dealer bond, so transactions in each state require a different …
The New York Department of State requires all nail salons to file a New York Wage Bond. On October 6, 2015, Governor Cuomo ordered this surety bond to be required after an investigation on widespread and ongoing abuse and mistreatment within the nail salon industry. All nail salon owners must obtain a NY Wage Bond.
Bond Requirements.
There are …
Starting on January 1, 2018, Virginia Home Contract Service Providers face new requirements passed by House Bill 1542.
People who provide services including repair, replacement, and/or maintenance are referred to as Home Contract Service Providers. These home service contracts are made in order for work to be done on property. Examples of service can be fixing roofs from extreme weather or electrical damage …
Surety1 was founded in 2003 and helps thousands of clients find the best prices on their surety bonds. We take pride in our work so that we can give you great service. Learn more about Surety1.