Well, good questions all around, however you may not be getting to the root of the problem. Your father in law is not lossing money each year becuase his credit is poor, is credit is poor becuase his business is loosing money!
Any bonding company may look at you as a new owner and say, "wow, great credit, but based on your experience level, you only qualify for a $100,000 bond line"
The company and it's bond line is more determined by the corporate profitability, and net worth. This is why your current surety is shying away. I would say that new ownership may not be your fix...........
