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Form TSR 6 1, Construction Surety Bond 07 01 Trec Texas

Form TSR 6 1, Construction Surety Bond 07 01 Trec Texas

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Instructions and help about texas form tsr surety bond get

what does it mean to be bonded bonded means that you're the principal on a surety bond being bonded means your customers have protection against negligence fraud Distortion of facts or worksmanship and other possible scenarios government licensing agencies and treasuries may have protection against unpaid taxes not following licensing rules not maintaining an up-to-date license in most cases a licensing agency requires you to purchase a surety bond to get an occupational license a court may require a bond as an executor or administrator of an estate some states even require notaries to be bonded you may even choose to be bonded if you own a janitorial business school business landscaping business every bond has a specific amount called the bond penalty so if your business commits fraud negligence fails to pay taxes your customer or the government can make a claim against your bond for recourse keep in mind you need to repay The Surety for any successful claim if you need to be

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