LLC Employee/Worker Bonds

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What is an LLC Employee/Worker Bond?

The California B&P Code Section 7071.6.5 requires that an LLC Employee/Worker Bond be furnished to the state in the amount of $100,000. The surety bond is for the benefit of employees or workers who are damaged by the LLC’s failure to pay wages, interest on wages, fringe benefits, or other mandated contributions.

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California

LLC Employee/Worker Bond

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