So, you may be looking to start a business, and you have been going through all of your due diligence, and you have just stumbled upon the fact that to function in your chosen profession, you are mandated by the government to have a surety bond.
After you have researched just what a surety bond is, you are thinking of NOT starting this business and doing something more constructive with your time, like digging ditches or watching paint dry (one of the cool-and by cool, I mean life-force draining- aspects of surety bonds is that you can get all the way through the process and get rejected if your credit is not good enough. Who has good credit in this economy).
Why all the hassle? Why all the jumping through hoops? If it has to be required, can’t it be easy? Why isn’t there some company out there that takes all of the worry and hassle out of this process and makes it a simple, point and click proposition?
You may have guessed by now; there is. There are several, in fact. You need to do your research, of course. There are always charlatans lurking in the shadows of necessary requisites, waiting to take advantage of the unsuspecting. But a little time on your part in the early going will pay off, as a surety bond is not a one-time proposition.
Surety bonds are required as a on-going item to be carried by certain businesses, and that is not going away any time soon. This is why it is good to get settled now which surety bond company you will use; there is no reason to have to go through the pain and hassle of picking one of these companies more than once.
Surety bonds are required, but the hassle and headache that accompany them are not. Find the right company, and your business will thank you.