Washington Contractor's License Bond Name Change Rider is a type of surety bond that contractors who are licensed in the state of Washington must obtain in order to make a name change to their business or trade name. This rider is also known as a Continuation Bond and is used to guarantee faithful compliance with all applicable laws and regulations. This rider is often required when a contractor is changing the name of their business to something different from the original name used for their contractor’s license. It is also required when a contractor has added a partner or changed the ownership of the business. The bond guarantees that the contractor will continue to operate under the same terms and conditions established by the state of Washington. There are two different types of Washington Contractor's License Bond Name Change Riders: a single bond and a multiple bond. The single bond covers one business name change, while the multiple bond covers multiple name changes.
Washington Contractor's License Bond Name Change Rider
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Construction Contractors Must Be Registered. Washington State requires all construction contractors to register with L&I. State law also requires construction contractors to be bonded and insured to protect the public. Once registered, contractors can bid, advertise, and perform construction work.
How to Get a Washington Contractor License: Be sure you need a contractor's license.Register your business with the WA Secretary of State.Register with the Department of Revenue.Get an EIN Number.Get bonded.Obtain proof of insurance.Submit your application.
Washington Contractor License Bond Requirements General contractors require a $12,000 surety bond, and specialty contractors need a $6,000 bond that they must post to the Washington State Dept.
How to Get a Washington Contractor License: Be sure you need a contractor's license.Register your business with the WA Secretary of State.Register with the Department of Revenue.Get an EIN Number.Get bonded.Obtain proof of insurance.Submit your application.
Washington Contractor License Bond Requirements General contractors require a $12,000 surety bond, and specialty contractors need a $6,000 bond that they must post to the Washington State Dept.
Does a handyman need a license in Washington State? Yes, you need a handyman license in Washington if your project value exceeds $2,000. In this case, you must have a contractor license in the category of work you're doing.
In fact, most businesses that are licensed by the state are required to be bonded. Washington surety bonds are most commonly issued in the licensing and permit professions, contractors when completing construction projects, and court bonds to ensure fulfillment of required court procedures.