(844) 589-9732

Kentucky Business Opportunity Bond

June 2, 2020

The $75,000 Kentucky business opportunity bond is offered for $750, on approval of satisfactory credit. Please call AmeriPro Surety Bonds today at 844-589-9732.

Kentucky Business Opportunity Bond

AmeriPro Surety Bonds | 844-589-9732

 

 

 

Surety Bond & Purpose

 

 

 

Businesses or companies which sell business opportunities in Kentucky --- essentially franchises --- must be in compliance with the state’s Kentucky Business Opportunity Act.

A prerequisite to licensing is that applicants obtain a $75,000 surety bond. The bond is a financial guarantee which protects those who are harmed by violation of Kentucky Revised Statutes 367.801 – 367.819, as amended.

More generally, the bond guarantees your compliance with all laws regulating business opportunities as offered in Kentucky.

 

 

 

Qualifying and the Premium

 

 

 

Obtaining the $75,000 business opportunity bond includes completing a short surety bond application. Our agency can begin the application with you by phone, but you’ll need to both complete, sign, and have witnessed, the application. Your application does not need to be notarized, however.

After submitting the application to us, it is reviewed by an underwriter. This review process includes a credit check inquiry.

Approval is determined on the basis of satisfactory credit; and the approval rate is 1%, 750, annually.

Upon approval of your application, and payment of the premium, your business opportunity bond is issued to you immediately.

You will be issued both a surety bond and a Power of Attorney form, the former of which you will sign as principal. Our agency will sign your bond as Surety.

All completed and signed documents will be mailed by you to:

Commonwealth of Kentucky

P.O. Box 1303

Frankfort, Kentucky 40602

502-696-5300

 

 

 

Annual Renewal of the Premium

 

 

 

The premium associated with your business opportunity bond renews annually on the anniversary of its issuance.

Applicants may qualify to have the bond waived entirely after having demonstrated no claims for bonding for several years. You will need to check with the number above to see if this applicable to you.

 

 

 

About Us

 

 

 

AmeriPro Surety Bonds is a surety bonds-only agency. We provide license and permit, Court, probate, and other surety bonds in Kentucky and all 50 states.

Please call our agency today at:

 

844-589-9732

 

Or, you may fill out the form below and a Surety Agent will contact you...

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