Louisiana Professional Solicitor Bond
What is a Louisiana Professional Solicitor/Fundraiser Bond?
Professional solicitors in Louisiana must post a $25,000 surety bond in order to legally conduct business. The bond ensures lawful business practices and compliance with jurisdictional rules and regulations. Actions such as fraudulently representing a charitable organization, misleading donors as to actual use of funds, or manipulating books and records all may typically result in damages that constitute valid bond claims.