Llc employee worker bond form 13b 20 2026

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How to use or fill out LLC Employee Worker Bond Form 13B 20

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  1. Click ‘Get Form’ to open it in the editor.
  2. Begin by entering the Surety Code at the top of the form. This is essential for identifying your bond.
  3. Fill in your License Number or Application Fee Number as required. Ensure accuracy to avoid processing delays.
  4. In the Bond Number field, input the unique identifier for your bond, which is crucial for tracking purposes.
  5. Specify the term of the bond by filling in both start and end dates. This defines the duration of your obligation.
  6. Provide your business name and address accurately, ensuring that all details match official records.
  7. Enter the name of the Surety and their state of incorporation. This information verifies that you are using a legitimate surety company.
  8. Complete any additional fields regarding liability amounts and conditions as outlined in the document.
  9. Finally, ensure that an authorized representative signs and dates the form, certifying its validity under California law.

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Employee Commitment Bonding The terms of this kind of bond state that, in return for receiving training and financial investment in the newly hired person, the employee will agree to remain with the company for a specified period of time.
Surety Bond Cost Table Surety Bond AmountYearly Premium Excellent Credit (675 and above)Bad Credit (599 and below) $20,000 $200 - $600 $1,000 - $2,000 $25,000 $250 - $750 $1,250 - $2,500 $30,000 $300 - $900 $1,500 - $3,0007 more rows
California LLC Employee / Worker Bond Requirements The state Contractors State License Board requires a $100,000 bond. This requirement is only for LLCs, in addition to posting the regular contractor license bond needed for the licensing.
Surety bond premiums are calculated as a small percentage of the bond amount. $25,000 surety bonds typically cost 0.510% of the bond amount, or $125$2,500. Highly qualified applicants with strong credit might pay just $125 to $250, while an individual with poor credit will receive a higher rate.
Requirements for the Contractors Bond: The bond must be in the amount of $25,000. The business name and license number on the bond must correspond exactly with the business name and license number on the CSLBs records. The bond must have the signature of the attorney-in-fact for the surety company.

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A California LLC Employee/Worker Bond is a $100,000 surety bond required by the Contractors State Licensing Board (CSLB) to protect workers from any issues concerning pay and benefits. This bond is necessary due to a lack of case law that deals with limited liability companies.
For applicants with good credit, surety bonds usually cost between 1% and 5% of their value. Therefore, for a surety bond of $5,000, an applicant with a strong credit history can expect to pay between $50 and $250.

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