check out laws and regulations in your stae(georgia)
All US states require the repossession agency be licensed and bonded.
It might be easier to contact an existing repossession service such as Renovo, Inc. They contract service providers in other states to conduct repossessions in their local areas. This way, you get experience in the business, and they take care of all the red tape.
Get yourself a business license and some clients.
I make them for $12 a piece. Email me at firstname.lastname@example.org
Repossession agents are not typically paid a salary, nor are they typically paid hourly. Repossession is a per unit business. That is, the repo man is paid by the vehicles he recovers. Amounts vary by the individual business.
Radio station Repossession specialist (Repo man) Realtor (Realty or Real Estate business) RadioShack
What you have to do first is get some land or a suite as a Hq than if you expect to make more than 30000 dollars a year (I think it's that) you must get a business liscense. That's all I know.
Bond?? whatever the NY authorities require to get a BL. Bond to get business?? Varies by lender. MAJOR nationwide lenders usually want $1,000,000 wrongful repossession insurance.Smaller lenders may not require a bond. Certification??? NOT required but it is VERY useful. At $350.00 for a cert course, it is money weel spent.
According to the websites, below, no license is required to run a repossession business in Texas, but there may be a need to get a basic business license within the specific community, especially if the business requires parking and/or fuel facilities, and/or the use of arms and weapons, etc., not to mention a towing license, assuming you intend on executing the repossessions, rather than just doing the investigative end of it. Consult the Texas Department of Transportation and your local Chamber of Commerce, Town Hall, or similar government offices.
yes you can start a business with 100k
I'm not in California but I'm guessing you will need at least, a business license, and a tow vehicle license for hauling vehicle's. Check with the Dept. of Licensing and the California Highway Patrol. Both have websites that will likely help you with your question.