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Florida Business Opportunity Surety Bonds are required to be posted in order to ensure the Principal (business opportunity seller) follows the rules, regulations, and laws as prescribed in Florida Statutes, Sections 559.80-559.815, which are also known as the Florida Sale of Business Opportunities Act. The surety bond protects any consumer who is injured as a result of the Principal’s fraud, misrepresentation, breach of contract, or financial failure.
The Florida Department of Agriculture and Consumer Services (FDACS) is charged with regulating business opportunity sellers. The Department requires a surety bond to be posted in pursuant to Florida Statutes, Section 559.807. The Obligee on the bond is the State of Florida, Department of Agriculture and Consumer Services.
Florida Business Opportunity Surety Bonds run from the effective date and continue in full force until canceled. The bond may be canceled by the Surety by giving 30 days written notice to the Obligee. The bonding company will renew and bill for the bond on an annual basis.
Contact The ProSure Group. As surety bond experts in business in Florida since 1993, The ProSure Group has handled numerous bonds of this type and has partnerships with more than 30 different surety companies. This ensures that we get you the best, most competitive pricing and terms available in the marketplace. You just need to complete our simple application and one of our specialists will quickly contact you.
|Miscellaneous||Florida Business Opportunity Surety Bond||State of Florida, Department of Agriculture and Consumer Services
||Minimum $50,000||Apply Now|