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The first rule of thumb when you're starting out in business is CYA. Cover Your Assets. Bonding does exactly that. It says that if something goes terribly wrong, the bonding company will pay monetary damages to the other party. For example, if you have a maid service, and one of your maids goes into a home...and breaks a valuable item -- the bonding company will pay. It's like insurance, in some respects.
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Is bonded required in carpet cleaning?
If you have employees that are going into peoples houses or place of business they should be bonded to protect your business. If you have a potential employee that cannot be bonded you should not hire them.
When starting a small photography business do you need to be bonded and if so how do you go about getting bonded?
If you are starting your own small photography business you shouldn't need to be bonded. When you get larger (if you get large enough) you may wish to consider some sort of professional liability insurance, but I've never known of a professional photographer to be bonded or have such insurance. Good luck.
If you clean the offices of a small company should you be bonded?
Yes you should be bonded. You will need what they call is a surety bond. This protects you against any employee theft of customer's property.
How to start a small Home Improvement Business in Rhode Island?
No matter what state you are in, if you desire to start a home improvement business you will need a business license and will also need to be bonded and insured.
Is it necessary to be licensed and bonded for a pet sitting business?
If I have a business license for pet sitting, do I need to be bonded as well?
What should I look for when comparing roofing companies?
You should look to see if they are bonded and insured. Also, see how long they have been in business.
What is your first step in opening a small security company?
Get bonded and insured. Get your business license. Then, get some reliable people with experience. Get the word out.
What kind of office space works best for a small business?
What types of accounts should a small business have?
What factors should I consider when buying a small business?
You should consider the profitability and outlook of the small business, especially the industry in which it competes and the competition in your industry.
What product should you sell for a hospitality small business?
Products of hospitality business
Where should I apply for a small business loan in the midwest?
Bank Midwest offers small business loans throughout the midwest.
Do you have to own a business in order to be bonded?
yes business can't bond with nothing
