Surety Bond Education

Category: How to Get A Surety Bond

Surety Bond Education

Can I Get A Bond As A New Business?

Can I Get A Bond As A New Business?

So you are new in business as a contractor.  And you would like to be able to perform public works projects. You might ask yourself, “Can I get a bond as a new business?” In order to bid on public works projects you must provide bid security and the safest bid security is a bid bond. Can you qualify for bonds as a new business? Key Items To Qualify For Bonding As A New Business There are three important things that a surety will look at in bonding a new business: Personal Credit Score Prior Experience Financial Strength Personal Credit […]
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Cash-Flow In Your Construction Business

Cash-Flow In Your Construction Business

When you are out of cash, you are out of business. Cash-Flow in your Construction Business – Why positive cash-flow is the lifeblood of your business A contractor should be reviewing their financials monthly or quarterly to evaluate the performance of the company. It is easy to take a quick look at the profit & loss report, see a positive profit and give yourself high marks. But the reality is, you cannot use profits to pay your bills, you can only pay for things with cash. This makes the cash-flow statement the most important report to understand how and when […]
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How Do I Obtain A Probate Bond?

How Do I Obtain A Probate Bond?

A probate bond is a type of bond that a court may require.  The court may appoint an executor, fiduciary, trustee or administrator of a deceased person’s estate.  And the court may also require that the executor/administrator/fiduciary post a surety bond.  The surety bond will guarantee that you will uphold your fiduciary responsibility to lawfully perform your duties. How Do I Obtain A Probate Bond? In order to obtain a probate type of bond you will need to complete an application.  This application will ask a variety of questions about your personal finances and the finances of the estate that […]
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Alcohol Related Bonds In Texas

Alcohol Related Bonds In Texas

If you are a new retailer of alcohol in the state of Texas you may be required to post a surety bond.  There are several different alcohol related bonds in Texas that you might be required to post including Conduct & Mixed Beverage Bonds.  We tell you more about each of those bonds below. Conduct Surety Bond One alcohol related bond you may need to post is either a $5,000 or $10,000 surety bond required by the Texas Alcoholic Beverage Commission.  The bond will guarantee that you will comply with the applicable laws of the commission.  The size of bond […]
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Over Axle and Over Gross Weight Tolerance Permit Bond

Over Axle and Over Gross Weight Tolerance Permit Bond

In order to obtain an annual Over Gross Axle and Over Gross Weight Tolerance Permit in Texas you must first obtain a permit bond.  In this quick article we will tell you what this permit bond is, how to obtain the bond and how much it costs. What Is An Over Axle and Over Gross Weight Tolerance Permit Bond? This permit bond guarantees to the Texas Department of Transportation that you will pay for any damage that you cause to the highways on which you travel.  This bond covers an annual period but can also cover up to two or […]
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Texas Notary Bond

Texas Notary Bond

In order to become a Notary Public in the state of Texas you must provide a $10,000.00 Notary Bond. What Is The Purpose Of A Notary Bond? A Texas Notary Bond protects the public from a notary public that does not up perform their duties honestly and appropriately.  An individual harmed by a notary may file a claim on the $10,000 Texas Notary Bond to be made whole.  A Texas Notary Bond is effective for 4 years and follows the term of your notary commission. How Do I Obtain A Notary Bond? There are 3 easy steps to obtaining a […]
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