Louisiana Business Opportunity Bond Guide
If you’re selling business opportunities in Louisiana, you’ll need this surety bond.
Bond Overview
- Purpose: To ensure business opportunity seller's sellers uphold contracts and sales agreements
- Who Needs It: Individuals selling or promoting business opportunities
- Regulating Body: The Louisiana Office of the Attorney General
- Required Coverage: $50,000
- Premium Rate: $500 for a 1-year term
Learn all about the bond requirements and process in this guide.
What Is a Louisiana Business Opportunity Bond?
A Louisiana business opportunity seller's bond guarantees a franchisor or business opportunity seller will follow laws and meet contract agreements. This protects potential buyers and the state from financial harm.
How Much Do Business Opportunity Bonds Cost in Louisiana?
A $50,000 Louisiana business opportunity seller's bond costs a flat rate of $500 for a 1-year term. Or, you can save 25% by selecting a multi-year term.
Click below to buy your bond in minutes!
SuretyBonds.com offers the lowest available rates from our nationwide provider network with no added fees.
Who Needs a Business Opportunity Bond?
The Louisiana Office of the Attorney General requires this bond for sellers of business opportunities worth over $300 to ensure financial security.
A business opportunity refers to a pre-arranged deal where a seller provides a buyer with products, equipment, supplies or services that allow the buyer to start a business.
How Do I Get My Bond?
With SuretyBonds.com, you can buy your Louisiana business opportunity seller bond instantly online. Just enter your information and checkout in minutes.
If you have any questions, call our friendly surety experts at 1 (800) 308-4358 for assistance.
How Does a Louisiana Business Opportunity Bond Work?
As with all surety bonds, a business opportunity seller's bond creates a legal contract between three parties:
- Principal: You, the business opportunity seller filing the bond
- Obligee: The Louisiana Office of the Attorney General requiring the bond
- Surety: The provider issuing the bond
This holds you financially responsible for upholding all provisions of Louisiana Revised Statutes 51:1821.
If you break the bond terms, harmed parties can file claims. The surety will pay valid claims up to the bond amount, but you are ultimately responsible for refunding the surety.
How Do I Renew My Bond?
These bonds expire annually. To renew your business opportunity seller's bond, simply pay your renewal invoice when prompted.
We’ll begin contacting you by phone and email 90 days before the expiration date.
