Tuesday, November 13, 2012

Instructions



    • 1
      Register your business. Apply for applicable state and local business licenses, file the paperwork to have your company recognized by the state, and obtain a federal tax identification number. You need these three things to open any business and you won't be able to open a bank account, take out a business loan or hire employees without them. You can apply for the business license at your local county clerk's office. Apply for your federal tax ID number on the IRS's website -- you can get it immediately.
    • 2
      Complete an insurance course approved by the New Jersey Department of Banking and Insurance and pass the exam administered by PSI Services. The course is 48 hours long. While the course is not technically required, you must pass the test the course prepares you for in order to get an insurer's license. The NJDoB website lists all approved courses and the dates and locations of the test. You can even register for both the courses and the test directly on the site.
    • 3
      Acquire a set of your fingerprints from LiveScan, New Jersey's state fingerprinting agent. You can find the fees and scanning locations on the NJDoBI website. This fingerprinting process includes a criminal background check -- you must pass without any felonies reported.
    • 4
      Apply to the New Jersey Department of Banking and Insurance for an insurer's license. You'll need a complete application form, your fingerprints, proof that you passed your test and $200 to pay fees.
    • 5
      Apply to New Jersey's Bail Surety program online. You can apply on New Jersey court's website. The bail surety program will inform you if any of the people you bailed out missed their court dates.
    • 6
      Find a suitable location for your bail-bond company, like across the street from a jail. Most bail bondsmen do their business with walk-in customers, so the location you choose will probably be the most important factor of your success. If you plan to keep cash on hand, look for a place with security features such as an alarm and bars on the windows.
    • 7
      Hire trustworthy employees. Bail bond companies are open 24 hours per day, 7 days per week, even on holidays. You can't always be there yourself.
    • 8
      Choose business consultants such as a lawyer, accountant and bounty hunter. These people will do contracted work for you, rather than work as full-time employees. You need the lawyer and accountant to advise you on business matters. The bounty hunter will track down your customers who jumped bail so you can get your money back. Make sure all these consultants are licensed.





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