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What is a Florida Business Opportunity Bond?
A Florida Business Opportunity Bond is a surety bond that protects your clients' investment in you. The Department of Agriculture and Consumer Services requires this bond for the protection of those seeking to purchase business opportunities from you, but it should not be confused with insurance for your company's well-being.
Your state compliance must comply will all sections 559.80 through 559.8 under the Sales of Business Opportunities Act which refer more specifically to how businesses can sell their product or service without misrepresentation and fraud on behalf an individual who plans on investing his/her money into building up said establishment
Need a Florida – Business Opportunity ($50,000) Bond?
Swiftbonds is the premier provider of bonds in Florida. We offer high-quality, low-cost bonds to help your company grow and succeed. With our expertise, we’ll make sure that your bond process goes smoothly and efficiently.
The best way to get started with us is by filling out this form today! Fill it out and one of our representatives will contact you within 24 hours! You can also call us at (913) 214-8344 or email us at [email protected] if you have any questions about what we do or how we work. We look forward to hearing from you soon!
Apply now! Fill out our quick application form and see if we’re right for you.
How much does a business opportunity bond cost in Florida?
Florida Business Opportunity Surety Bonds are individually underwritten so the cost can vary and is dependent on your personal credit score; sometimes, you might need to provide some business financials depending on what kind of deal you're looking for. If we've determined that there's a pretty good chance that you'll be able to pay back whatever amount it may have taken out in loans or other transactions with us, then we might not require too much more documentation from either party – just enough to verify how well off both parties will be at any given time. Usually though, if one person has very poor credit but another individual has really excellent assets and income potential – such as an executive who happens also own their working properties outright rather than having them mortgaged against debt. See a Jupiter, FL – One Day Event Bond.
Why do I need a Florida business opportunity surety bond?
In order to ensure the Principal follows all laws and regulations, you'll want your new potential business partner (the principal) bonded. This will protect any consumers who are hurt by fraud or misrepresentation from this individual in the future while also protecting yourself as they could make good on their word if they wanted. Plus, it's just one more thing that shows how serious about starting up a new venture you are! Find a Florida – Citrus Fruit Dealer Bond.
Who requires me to have a business opportunity bond in Florida?
It's a requirement for all business opportunity sellers in Florida to provide proof of adequate funds to cover liabilities. The FDACS requires that surety bonds are posted, pursuant to Section 559.807 of the State law and have an Obligee – the state itself!
Can I get a Florida business opportunity bond with bad credit?
Swiftbonds offers a wide-range of approvals, regardless of credit history or bad credit. One key factor in our success is that we are able to work with 99% of applicants who have been turned down elsewhere due to their poor financial standing. Our knowledgeable underwriting staff will make sure you get the lowest possible price for your bond no matter what personal circumstances may be preventing you from getting approved for other companies' bonds. Get a FL – Carrier Service Providers Use and Lease Agreement Payment Bond.
How to get your Florida business opportunity Bond?
Would you like to know the first step in getting your Florida business opportunity bond? It's super easy! Fill out our quick online application and get a no obligation quote today. Our Underwriters will contact you within an hour of submission, or come chat with them on the phone for help applying. Read a Callaway, FL – Garbage Hauler Bond.