What is the Average Cost of Getting Bonded for a Small Business?
There are a number of important steps that must be taken before a small business can go into business. A small business must get a bond to prove that they will honor all contracts they enter into. A third party must promise to pay for any unfulfilled obligations of the business. This can be done with a surety bond, which can be purchased from a bonding company. Although it depends on the size of the bond, the average price of getting bonded for a small business is $75.
