Click to verify BBB accreditation and to see a BBB report.
Follow us on twitter!
+ Reply to Thread
Results 1 to 2 of 2
  1. Join Date
    Oct 2006
    Posts
    59

    Sole-Proprietor or Corporation?

    Does it make a difference if I apply to be bonded while being a Sole-Proprietor as opposed to a Corporation? Or doesn't it matter?

  2. Join Date
    Oct 2006
    Posts
    69

    Sole-Proprietor or Corporation

    Quote Originally Posted by Harley
    Does it make a difference if I apply to be bonded while being a Sole-Proprietor as opposed to a Corporation? Or doesn't it matter?
    You want to apply for the bond under whatever you are. However, if you apply as a sole-proprietor and then become a corporation after your bond has been issued, most Surety companies will allow a rider to be issued changing your company name. You will undoubtedly be required to execute a new General Indemnity Agreement under the new name.

    The important thing is to apply under whatever name the state will have you licensed as. If the bond and your license differ, the state will reject it.

Similar Threads

  1. Replies: 1
    Last Post: 01-04-2010, 04:00 PM
  2. Sole Proprietor or Corporation
    By bad2thebond in forum Other Contract Bonds
    Replies: 0
    Last Post: 10-14-2008, 03:36 PM
  3. Sole-Proprietor or Corporation?
    By Numbers in forum Miscellaneous Bonds
    Replies: 4
    Last Post: 10-26-2007, 09:37 AM
  4. Sole Proprietor to Corporation
    By Pacman in forum Public Chat
    Replies: 1
    Last Post: 09-04-2007, 02:18 PM
  5. Sole Proprietor or Corporation
    By Pacman in forum Contractor License Bonds
    Replies: 1
    Last Post: 08-28-2007, 05:10 PM

Posting Permissions

  • You may not post new threads
  • You may not post replies
  • You may not post attachments
  • You may not edit your posts

Content Relevant URLs by vBSEO 3.5.0 RC1 PL1