Sellers of prepaid entertainment contracts, which include health or athletic club services, dance lessons, matching/dating/social clubs, and martial arts training. Required when: Prior to the sale of any prepaid entertainment contract. Exemptions: Licensed nonprofit schools, colleges, or universities; the State or any…
Overview
What it is.
Sellers of prepaid entertainment contracts, which include health or athletic club services, dance lessons, matching/dating/social clubs, and martial arts training. Required when: Prior to the sale of any prepaid entertainment contract. Exemptions: Licensed nonprofit schools, colleges, or universities; the State or any…
Who usually needs it
Sellers of prepaid entertainment contracts, which include health or athletic club services, dance lessons, matching/dating/social clubs, and martial arts training.
Pricing & timing
What to expect.
Generic pricing
License bonds are required by state and local governments to ensure compliance with industry regulations. Typical Pricing:. • Small bonds (under $25,000): Typically $100–$250 per year (flat fee). • Larger license bonds: Commonly around 1–5% of the bond amount annually. • Credit impact: Good credit: starting around 1–2% · Average credit: typically 2–4% · Credit challenges: often 4–5% or higher. Same-day approval is typical for many common license bonds. Some license bonds may price higher de…
Typical timeframe
Issuance timeframe varies by bond type and underwriting
Application
What to do next.
Tell us the bond name, state, and amount on your form.
Share business and applicant info so the team can quote it.
Sign and pay; we issue the bond and send you the documents.
Keep your effective date and renewal date on file with us.
Start the application.
You are on the exact bond page. The next step is to start the quick application.
StateNCBond amountFor facilities already open, the bond amount must be equal to the aggregate val…Term lengthContinuousObligeeNorth Carolina Department of Justice, Consumer Protection DivisionRenewalThe bond amount must be adjusted semiannually to reflect changes in outstanding liabilities. A sworn statement of liabilities and a copy of the bond must be filed with the Attorney General within 90 days after the first…Bond classLicense BondCategoryEducationBondPrepaid Entertainment BondStatutory referenceN.C. Gen. Stat. § 66-124JurisdictionState
