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    nehemiah28's Avatar
    nehemiah28 Posts: 1, Reputation: 1
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    #1

    Mar 19, 2009, 05:49 PM
    What is license and bonding?
    My husband is a painter and we are thinking about starting our own business.. Do we need a license? I know we need to have insurance, there will be no one else working but me and my husband...
    Fr_Chuck's Avatar
    Fr_Chuck Posts: 81,301, Reputation: 7692
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    #2

    Mar 19, 2009, 07:00 PM

    A license, there is a city ( sometimes a county) business license, gotten at city or county office. There is also in some places a contractors licesne that some areas may require.

    Bonding is a form of insurance, there are several typs, a performance bond, may be required if you are biding on government contracts.

    There is bonding of employees that handle your money in case there is theft
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