Infographic by The BondPro
People who have dreams of having their own car dealership will know that obtaining a surety bond is the biggest hurdle in their way. Often aspiring dealerships are brought to their knees in their pursuit of a surety bond and are forced to give up on their dreams!
Starting a new business venture is brave and courageous. From marketing to finance, you have quite a few concerns. However, before you dive in and start thinking about its operations, you need to consider legal compliance.
A probate bond is a type of fiduciary bond that is required to be obtained by individuals who will be acting on behalf of a deceased person. The bond ensures that it protects the heirs from any misappropriation of the assets.
As an entrepreneur looking to make a mark in the corporate world, you need to stay on top of your game. From obtaining your practice license to meeting Government’s regulations relevant to your industry, there are quite a few factors you need to take care of before you launch.
Motor vehicle dealer bond or car dealer bond is a type of bond that all auto dealers have to obtain before they can start their businesses. The goal of this type of bond is to provide protection to your customers. This means that in case of any fraudulent activities, such as selling faulty car parts or illegal license plate covers, the client will be protected.
If professional aspects are at the forefront of bonds, personal aspects are not far behind. Amongst the many areas of life which require underwriting services, a guardianship bond is one that protects families.