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SURETY BOND BLOG

Tag Archives: California

29
May
2013

21 Century Construction Mistakes: Curious Cases in the USA

Construction failures, if not too tragic in their nature, can cause a certain amusement in some quarters. It certainly does seem inexplicable how projects costing millions of dollars can omit a small detail that can potentially ruin everything. Buildings are usually in the planning process for years and undergo various evaluations and analyses. Many experts read more »




14
May
2013

Starting an Auto Dealership Business in California: Easier with this List

Opening a new auto dealership business can be a cumbersome and nerve-wrecking process if you are starting from scratch. However, there are tips that can make the experience easier and smoother. Here is an essential overview of what you need to do if you are based in the state of California and you are planning read more »




11
Dec
2011

Bond Offers New Options for California Contractors

Many contractors that were planning on starting an LLC (Limited Liability Company) in California found that they were legally unable; but a new bill has changed that. Legislators put a new law in to place allowing contractors to operate as an LLC but in order to do so; they must obtain a large surety bond.




09
Dec
2011

Surety Bonds for California Contractors

Surety bonds are required for virtually all high profile construction projects to begin, yet they remain a mystery to many. Some have never heard of “surety bonds” or “contractors bonds” as they are commonly referred to in the construction industry, so acquiring one can be unclear all in itself. Bonding requirements vary from one area read more »




06
Oct
2011

Counterfeit Surety Bonds Cost Taxpayer’s Millions

There are a lot of businesses out there trying to cut corners in order to save money in this tough economy, but unfortunately this often hurts their clients as a result. A construction contractor in California claimed he had bonds to cover multi-million dollar jobs; but it turned out the contractor possessed surety bonds that read more »




29
Jul
2011

California Mortgage Loan Servicer Bond

California mortgage loan servicers have to abide by a new law that was recently passed. The California Department of Corporations implemented a new law enacted under SB 36 and it requires mortgage loan services to obtain a bond that’s equivalent to the bond required of mortgage lenders, which is $50,000. The new law also requires read more »