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Bond for Written Contract - Corporation or LLC - Massachusetts

Bond for Written Contract - Corporation or LLC - Massachusetts 2026

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The document is a bond for a written contract related to construction in Massachusetts, outlining the obligations of a principal and surety company to ensure payment for labor and materials. It includes sections for identification of parties, property description, and certification of contract price, along with provisions for lien protection under Massachusetts law.

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Click ‘Get Form’ to open it in the editor.
Begin by filling in the 'Prepared by, recording requested by and return to' section. Enter your name, company, address, city, state, zip code, phone number, and fax number.
In the main body of the bond, specify the principal's name and company details. Ensure that you accurately describe the location of the property involved in the contract.
Fill in the principal sum amount that you are obligated to pay. This is crucial as it defines your financial responsibility under this bond.
Complete the certification section with the estimated contract price for the proposed work. Include all necessary signatures from both principal and surety representatives.
Finally, ensure that a notary public witnesses and signs your document to validate it legally.

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Got questions?

We have answers to the most popular questions from our customers. If you can't find an answer to your question, please contact us.

What is the biggest disadvantage of an LLC?

LLC disadvantages Cost: An LLC usually costs more to form and maintain than a sole proprietorship or general partnership. States charge an initial formation fee. Many states also impose ongoing fees, such as annual report and/or franchise tax fees.

Does an LLC have to be bonded?

According to the California Business and Professions (BP) Section 7071.6. 5, an LLC that wishes to obtain a license must post a $100,000 surety bond (in addition to the $15,000 contract bond).

What is the purpose of the $15000 surety bond?

California Notaries are required by law to purchase and maintain a $15,000 Notary surety bond for their entire 4-year term of office. The Notary bond protects the California public against financial loss due to improper conduct by a California Notary.

What kind of businesses need to be bonded?

While some people may think of construction when contract bonds are mentioned, service contractors, manufacturers, suppliers/installers and retailers/wholesalers may need a commercial contract bond when they enter into a contract to provide work or perform a service.

How much does a $30,000 surety bond cost?

Surety Bond Cost Table Surety Bond AmountYearly Premium Excellent Credit (675 and above)Average Credit (600-675) $30,000 $300 - $900 $900 - $1,500 $35,000 $350 - $1,050 $1,050 - $1,750 $40,000 $400 - $1,200 $1,200 - $2,0007 more rows

Do I need to be bonded?

Individuals who typically must be bonded include union officers (both elected and non-elected), employees such as business agents, trustees, key administrative and professional staff, and clerical personnel.

Is bonded the same as licensed?

The license proves that you are indeed qualified to perform the work you are performing and the bond provides financial protection for your company.

When should a company be bonded?

Businesses may need bonds to complete many common business transactions, like applying for a license, bidding on a job, or signing a construction contract. Companies buy bonds so they can win jobs, compete with other businesses, and build a reputation as trustworthy.

Bond for Written Contract - Corporation or LLC - Massachusetts 2026

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