[WATCH VIDEO] "Why California State Contractors Board Requires Bonds for Licensed Contractors"
by
Mitchell Reed Sussman on Sep. 01, 2024
Summary: "Why California State Contractors Board Requires Bonds for Licensed Contractors" - Newport Beach Real Estate Attorneys
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.
-----------------------------------------------------------------------
Newport Beach Real Estate Attorneys on Facebook: https://www.facebook.com/SussmanandAssociatesNewportBeachRealEstateAttorney
-----------------------------------------------------------------------
Newport Beach Real Estate Attorneys on Youtube: https://www.youtube.com/@CaliforniaRealEstateAttorney