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Arkansas Surety Bond in Lieu of Financial Statement

On July 1, 2020, Arkansas made an important change to their contractor licensing code. The changes allow Arkansas contractor to post a surety bond in lieu of financial statements. Background of the Requirements Per Arkansas Code 17-25-304, contractors were previously required to provide the state either a Reviewed Financial Statement or a Compiled Financial Statement […]

Alaska Contractor License Bonds

Most contractors in Alaska need a valid contractor license and a valid Alaska Contractor License Bond to legally operate in the state. The license bond protects the public by ensuring that the contractor will perform their obligations and operate according to state and local laws. Specifically, Alaska requires the Contractor License Bond to protect the […]

Nevada Contractors License Bonds

Nevada contractors must put up a Nevada Contractor License Bond to operate in the state. This is a surety bond that guarantees that the contractor will comply with state laws and regulations. A contractor who violates those obligations may have a claim made against the license bond. This protects the general public by making funds […]

Oregon Contractors License Bonds

Like many states, Oregon requires contractors to be licensed and to post a valid Oregon Contractor’s License Bond in order to work in the state. The state deems that anyone doing work for compensation will need a license and a license bond. The license bond is meant to protect property owners by ensuring that contractors […]

Arizona Contractor License Bond

An Arizona Contractor License Bond is a surety bond that is required by the state before your contractor license can be issued. The purpose of the license bond is to protect the interests of your customers and to make sure all applicable regulations and laws are upheld. The Principal on these license bonds is the […]