Freight Broker Bond - BMC-84
Posted: September 16, 2013
Freight Broker Bond BMC-84, is required by FMCSA ( Federal Motor Carrier safety Administration) for all companies providing brokerage or freight forwarding services. As of October 1, 2013 FMCSA increased the minimum financial responsibility to $75,000 freight broker bond, also know as a MBC-84. Formerly known as the Interstate Commerce Commission bond, or ICC Bond, the Freight Broker bond is legally required to operate as an...
Surety Bonds for individuals with poor credit history
Posted: May 5, 2013
Surety bond is financial protection similar to an insurance policy. The difference between a surety bond and an insurance policy is that a claim against a bond must be paid back while one against your insurance does not. This means a bonding company will perform a thorough background check on every applicant. A bad credit rating will force you to pay more for a surety bond. There...
Sales Tax Surety Bond
Posted: February 17, 2013
A Sales Tax surety bond is a bond required by many state governments for any business in that jurisdiction that does retail sales, leases and rents goods, or provides other taxable services. It is not a license to purchase goods sales tax free; rather it is a license to collect and remit sales tax to a state or local government. It is typically required by...