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jiwoh
jiwoh

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Understanding Contractor License Bonds: Requirements and Options

Hello everyone.

I’m planning to start a contracting business, but I’m a bit confused about the licensing process. One thing I’ve heard about is the need for a contractor license bond.

Can someone explain what exactly a contractor license bond is, why it’s required, and how it protects clients or the state? Also, I’ve seen the phrase buy a contractor license bond mentioned online.

Is it as simple as purchasing one, or are there steps and qualifications I need to meet first? Any advice on reputable providers or tips for first-time applicants would be really helpful.

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