License and Bonding
When Will You Need a License Bond?
Bonds are required by the California Contractor’s State License Board for every original license. Here’s our quick reference guide to license bonds and when you will need them.
|Circumstances||When the Bond is Required|
|New, Original License, Sole Owner, Partnership, Corporation||License Bond is required with the approval of an original license (new number).|
|Responsible Managing Employee (RME) A license with an RME as the qualifier, or replacing the current qualifier with an RME.||Individual bond (for the new or replacement RME) is required with the application.|
|Responsible Managing Officer (RMO) An RMO who owns less than 10% equity in the corporation||Individual bond (for the new or replacement RMO when the RMO owns less than 10% equity in the corporation).|
NOTE: A Responsible Managing Officer (RMO) of a corporation shall not be required to file or have on file a qualifying individual’s bond if he/she owns 10 percent or more of the voting stock of the corporation; however, the qualifying individual may not qualify any additional licensed entity unless an ownership is maintained of at least 20 percent for each license represented by the same qualifying individual.
Jā-Set can help with all your Bond needs.
Jā-Set can help you quickly obtain the Bonds you’ll need to activate your license.
Jā-Set can also meet your other construction-related bonding needs:
- Contractors Performance Bonds including $350,000 and under, one page application and two-day response.
- Bid, Contract and Performance Bonds for General Contractors, Sub-Contractors, Asbestos, Hazardous Waste.
- Subdivision Bonds
- Supply Bonds No limit
We’ve specialized in providing quick and affordable bonding for California contractors for over 50 years.