The Small Business Administration’s Office of Surety Guarantees typically assists contractors in securing needed surety bonds up to $2 million. A new law gives the SBA the authority to approve surety bonds up to $5…
The recent enactment of Senate Bill 392 in California authorizes the Contractors State License Board (CSLB) to issue contractors licenses to limited liability companies effective no later than January 1, 2012. The passing of this…
Effective March 2010, the Director of Financial Institutions of Illinois offers a new kind of currency exchange bond that is available to certain enterprises that operate within the state. This bond has become increasingly relevant…
It’s a sad fact of business life: employees steal. There are two kinds of employee theft a company needs protection against, and different surety bonds cover each one—dishonesty bonds and business service bonds. It can be…
Appraisal management companies wanting to do business in New Mexico must now post a surety bond in order to secure a license. Part of a nationwide crackdown on AMCs, New Mexico became the latest state…