Does it make a difference?

[bad2thebond]

Is it easier to get a contractor licesing bond if I'm a sole-propretor or an LLC ? Or doesn't it matter?

[lifeisgood]

It really shouldn't matter whether you are a sole proprietor or an LLC in terms of obtaning a contractors license. The same approval process/rules will apply.

[Bond Magician]

Originally Posted by lifeisgood

It really shouldn't matter whether you are a sole proprietor or an LLC in terms of obtaning a contractors license. The same approval process/rules will apply.

What if I am a sole proprietorship, but I want to switch to an LLC. Do I have to notify you?

[lifeisgood]

You must notify the surety for any changes to your business whether it be a name/adress change, ownership changes and especially if your are changing the business from a sole proprietorship to an LLC, Inc, Corporation, etc

[Bond Magician]

Originally Posted by lifeisgood

You must notify the surety for any changes to your business whether it be a name/adress change, ownership changes and especially if your are changing the business from a sole proprietorship to an LLC, Inc, Corporation, etc

If the company name is changing, will you amend the bond changing the name?

[lifeisgood]

If you are simply doing a name change that shouldn't be a problem. Check with your surtety as they tend to charge a nominal fee for any riders that need to be processed reflecting changes to existing bonds.

[Bond Magician]

Originally Posted by lifeisgood

If you are simply doing a name change that shouldn't be a problem. Check with your surtety as they tend to charge a nominal fee for any riders that need to be processed reflecting changes to existing bonds.

Will I have to sign a new indemnity agreement?