Texarkana License and Permit Bond Guide
If you’re applying for a business license in Texarkana, Arkansas, you may need this surety bond.
Bond Overview
- Purpose: To hold licensees financially liable for upholding rules and regulations
- Who Needs It: Some business license and permit applicants
- Regulating Body: The City of Texarkana
- Required Coverage: $2,000
- Premium Rate: $100 for a 1-year term
Learn all about the bond requirements and process in this guide.
What Is a Texarkana License and Permit Bond?
The City of Texarkana requires this bond as part of the licensing process for various business and contractor types. Verify if you need a bond with the city clerk’s office.
How Much Do License and Permit Bonds Cost?
A $2,000 City of Texarkana license and permit bond costs a flat rate of $100 for a 1-year term. Or, you can save 25% by selecting a multi-year term.
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How Do I Get My Bond?
With SuretyBonds.com, you can buy your City of Texarkana license and permit bond instantly online. Just enter your information and checkout in minutes.
We’ll email you the bond shortly after purchase. Be sure to file the bond with the city as instructed.
If you have any questions, call our friendly surety experts at 1 (800) 308-4358 for assistance.
How Does a Texarkana License Bond Work?
As with all surety bonds, a license and permit bond creates a legal contract between three parties:
- Principal: You, the licensed professional filing the bond
- Obligee: The City of Texarkana requiring the bond
- Surety: The provider issuing the bond
This holds you financially responsible for upholding applicable local laws and regulations.
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 license and permit bond, simply pay your renewal invoice when prompted.
We’ll begin contacting you by phone and email 90 days before the expiration date.