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Minnesota Minneapolis Business License Bond

How much does a business license bond cost in Minneapolis, Minnesota?

The Department of Regulatory Services’ Division of Licenses and Consumer Services in Minneapolis, Minnesota, requires individuals seeking a business license to post a business license surety bond. The required bond amount varies, so applicants should verify their required amount of bond coverage with the state prior to bonding.

The best way to find out how much you’ll pay for your surety bond is to request your free bond quote now!

Bond Type Bond Amount Cost by Credit Score*
680 and up 679 - 600 599 or lower
Business License Bond Varies Starts at 1% 4-8% 10%+ Apply Now
*The bond premium rate quotes provided to you through this website are for pricing comparisons and quotation estimate purposes only. The bond rate quotes provided are based on general assumptions that may or may not be applicable to you and are subject to change at any time. These rate quotes do not constitute an offer of insurance, nor is any contract, agreement, or bond coverage implied, formed or bound by the provision of rate quotes. Bondability, final bond premium rate quotes and an offer of insurance, if any, will be determined by the insurance company providing your bond. You must contact us directly to obtain a quote for binding purposes.

We can provide your free bond quote within 1 business day of submitting your application! Call 1 (800) 308-4358 or submit a bond request to get started.

Why do I need this bond?

Business license bonds in Minneapolis, Minnesota, ensure that principals (individuals seeking a business license) comply with all ordinances of the city while conducting business. Additionally, principals pledge to accurately account for and deliver any goods, wares or merchandise, articles or things of business to those legally entitled to them.

If the principal fails to conduct ethical and lawful business, the bond protects the city and consumers from financial loss up to the full bond amount. The principal must reimburse the surety for any damages paid out.

Purchase the surety bond you need quickly and easily when you work with the experts at SuretyBonds.com!

How to get a business license in Minneapolis, Minnesota

To obtain a business license in Minneapolis, Minnesota, applicants must do the following:

  1. Complete a license application for your specific license type.
  2. Take the completed application to the Minneapolis Development Review Office at 250 S. 4th St., Room 300.
  3. Wait for a License Inspector to review the application, inspect the premises and contact you.
  4. Contact a License Inspector with any questions.

More licensing information can be accessed from the Important Links section of this page.

Take the first step toward becoming licensed in Minneapolis, Minnesota, by requesting your free surety bond quote now!

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How do I obtain a business license?

Business Licenses

Minneapolis, Minnesota

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