1. Start Your Application
2. Receive Your Free Quote
3. Buy Your Surety Bond
How Much Does a Florida Business Opportunity Bond Cost?
The cost of a Florida business opportunity bond is between $500 and $5,000. Under state law, a bond of $50,000 is required. You do not need to pay the full bond sum to meet this requirement. Instead, you can purchase the bond from an authorized Florida surety company for a bond premium.
Our respected surety company is authorized to do business in Florida. We have been serving Florida’s bond needs for more than a decade, and we provide rates between 1% and 10% of the bond amount. Your rate is based on factors such as your financial assets, credit history and professional experience.
We provide bonds to over 99% of our valued customers and work with applicants with all credit scores. If you apply for a business opportunity bond with a 700 or higher credit score, your rate will range from 1% to 10%. In this case, the $50,000 business opportunity bond costs between $500 and $1,500.
Surety Bond Cost Based on Credit Score |
||||
Surety Bond Name |
Surety Bond Amount |
Over 700 |
Between 600 - 699 |
Below 599 |
Florida Business Opportunity Bond |
$50,000 |
$500 - $1,500 |
$1,500 - $2,500 |
$2,500 - $5,000 |
How to Get a Florida Business Opportunity Bond
1. Apply For Your Bond
It only takes a few minutes to apply for a business opportunity bond. Our three-step process can conveniently be completed online. You can get started by spending a couple of minutes filling out the online application.
Ross needed to purchase a business opportunity bond quickly to meet the state’s requirement. He appreciated receiving a bond quote from us only minutes after submitting the online application. Ross easily met the state’s timeline for obtaining a business opportunity bond using our easy process.
2. Get Your Bond Quote
You will not wait long to learn about the cost of your business opportunity bond. We review bond applications immediately. Many customers receive a bond quote from us within a few minutes. For applications that have more complicated applications it requires additional review, a bond quote is provided within 48 hours.
3. Buy Your Bond
After reviewing your bond quote, simply pay your bond premium to complete your purchase. This is easy to do with our online payment portal. Your bond will then be prepared and emailed to you. Upon request, we can also mail it to you.
We want you to have a hassle-free experience buying your bond from us. If you need assistance, please contact us online or by phone at (877) 514-5146 today for assistance.
Business Opportunity Bond Requirements in Florida
Under Florida Statutes 559.803, the seller of a business opportunity must provide the buyer with a written disclosure statement with boilerplate wording. This must be provided at three business days prior to signing the contract. This document must be accompanied by a $50,000 surety bond.
Florida Statues 559.807 establishes the surety bond requirements. The bond’s obligee is the Florida Department of Agriculture and Consumer Services. It benefits anyone injured by a violation of the Florida Sale of Business Opportunity Act.
The bond remains in force until canceled. The surety company may cancel the bond by providing a 30-day written notice to the obligee. To assist you with the maintenance of your bond, we will contact you prior to the bond premium due date each year with updated payment instructions.
How to Get Your Business Opportunity License in Florida
The seller of a business opportunity in Florida is not required to obtain a license before signing the contract. However, the seller must provide the buyer with the required disclosure and obtain the required surety bond.
If you have questions about the business opportunity bond, our surety bond experts can help. For additional information about the state’s requirement, contact:
Florida Department of Agriculture and Consumer Services
2005 Apalachee Parkway
Terry Lee Rhodes Building
Tallahassee, FL 32301
Phone: (407) 888-8700
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What Our Clients Have To Say?
Quick response times and turn around for issuing bonds. Great customer service and very knowledgeable. We have used Lance Surety multiple times and have never been disappointed. Highly recommend them and Collette!
Long story short, these guys cut through the B.S. and get the job done. Responsiveness, excellent! Communication, excellent! Respect for their industry partners, excellent! John, Collette, Ryan, you're all-stars! Thank you!
We decided for Lance Surety Bond's quote for 2 reasons; Price and Customer Service. Our Representative Ryan was just SUPERB!! [...] I highly recommend Lance Surety Bond for all your Bonding needs! I'll definitely come back for all of mine. :-) Thanks Ryan!
Quick response times and turn around for issuing bonds. Great customer service and very knowledgeable. We have used Lance Surety multiple times and have never been disappointed. Highly recommend them and Collette!
Long story short, these guys cut through the B.S. and get the job done. Responsiveness, excellent! Communication, excellent! Respect for their industry partners, excellent! John, Collette, Ryan, you're all-stars! Thank you!
We decided for Lance Surety Bond's quote for 2 reasons; Price and Customer Service. Our Representative Ryan was just SUPERB!! [...] I highly recommend Lance Surety Bond for all your Bonding needs! I'll definitely come back for all of mine. :-) Thanks Ryan!