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  1. Mr. Bond
    Mr. Bond is offline Member
    Join Date
    Oct 2007
    Posts
    80

    Sole Proprietorship vs. Corporation

    I was approved for a Motor Vehicle Bond and on my application I accidentally put I was incorporated - so when I received my bond it had "Inc" on the bond form. Since I am actually a sole proprietorship, what do I need to provide to the surety to show this so I can have my bond changed?
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  2. Surety Queen
    Surety Queen is offline Surety Professional
    Join Date
    Oct 2007
    Posts
    558

    Motor Vehicle Dealer Bonds

    Quote Originally Posted by Mr. Bond
    I was approved for a Motor Vehicle Bond and on my application I accidentally put I was incorporated - so when I received my bond it had "Inc" on the bond form. Since I am actually a sole proprietorship, what do I need to provide to the surety to show this so I can have my bond changed?
    I would recommend that you touch base with your bond agent to see specifically what needs to be done as it seems that each Surety has their own requirements.
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