[NEW] "Bonding for Success: Understanding the Bond Requirements for Califor

Posted by Legal S.
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Sep 9, 2024
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The California State Contractors Board requires a surety bond for companies engaged in work that requires a contractor’s license within California.



This applies to any company or individual performing work within California regardless of where the company is based. There are two ways a contractor can satisfy the bond requirement.

They can obtain a bond through a surety company, or they can have a cashier’s check issued to be held in lieu of a surety bond. The bond requirement must be fulfilled before a contractor’s license can be active, reactivated, or renewed per Business and Professions Code §7071.6. A contractor is required to comply with all laws related to their contractor’s license. -------------------- Newport Beach Real Estate Attorneys of Sussman & Associates have significant experience in resolving real estate matters on a full range of situations involving retail and commercial properties. Contact Newport Beach Real Estate Attorneys today at Newport Beach Real Estate Attorneys (https://www.newportbeachrealestateattorney.com/contact) or call (800) 233-8521 for a complimentary phone consultation. www.NewportBeachRealEstateAttorney.com ------------------------------------- ------------------------------------- Newport Beach Real Estate Attorneys on Facebook: https://www.facebook.com/SussmanandAssociatesNewportBeachRealEstateAttorney ------------------------------------- ------------------------------------- Newport Beach Real Estate Attorneys on Youtube: https://www.youtube.com/@CaliforniaRealEstateAttorney

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