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  1. Join Date
    Oct 2008
    Posts
    81

    ARC Bond coming due

    My ARC Bond is coming due for renewal. Do I have to submit new business financial statements every year to have my bond renewed?

  2. Join Date
    Sep 2008
    Posts
    109

    Updated Financials

    Generally the Surety will notify you of an updated business financial requirement prior to your bond renewal. Contact your surety and they should be able to answer your question.

  3. Join Date
    Sep 2008
    Posts
    117

    ARC Bond coming due

    Quote Originally Posted by lifeisgood
    Generally the Surety will notify you of an updated business financial requirement prior to your bond renewal. Contact your surety and they should be able to answer your question.
    If updated business financials are required, do they need to be CPA-prepared or can they been in-house financials?

  4. Join Date
    Sep 2008
    Posts
    109

    CPA vs. In House

    Majority of the time the surety will require CPA Prepared Financials for the fiscal year end. The do allow in-house year to date though

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