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How do you start a repossession business in Ohio do you have to have any license or bonds to get started?
Wiki User
∙ 16y ago
The repossession field can be very rewarding and extremely lucrative once a clientele has been established. But there are some pre-qualifications to consider. Before launching a repo business, you should have some experience in property recovery, private investigation or tracing. A person wouldn't start a Plumbing business without knowing how to fix a leaky pipe. The same goes for the repo world. If you have the necessary experience, you first need to obtain the proper licensing. For instance, many states require that you obtain an auto repossession license before you perform these services. Check with your state's licensing board. From there, you will need to get up to speed on the legal aspects of the business. States vary, so again check with the appropriate people at your local, county or state government. You'll want to take care of registering your business name, forming the legal business entity (i.e. LLC, C-Corp, etc.) and filing any appropriate paperwork with the state. You should always consult with an attorney or tax adviser before choosing your corporate form. At this point, it's time to put together a cohesive business and marketing plan. Consider the markets you want to target, your overall budget, equipment needs, payment structure, etc. Once you've covered all of these steps, you're good to go. Get busy marketing and make lots of money!
Wiki User
∙ 16y ago
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Are there any special licenses registrations or bonds needed to run a repossession business in Indiana?
Is there a place to find rules and regulations for repossessing vehicles in the state of Indiana? Popularity: 4 Question asked by Jason McClain on September 22, 2004. How do you go about starting a repossession business in Indiana? Popularity: 3 Question asked by Jesse Hamilton on September 25, 2004. http://www.in.gov/pla/
Does a Criminal Defense attorney need an special license?
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How much is for license for clean business?
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Where is bobby brown bail bonds?
Out of business.
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Well it depends as far as the licensing goes. You need to check with your state and local government to determine if you need a license for a cleaning business. For the bonding and general liability insurance you should carry coverage to protect you against any claim that may occur. The liability policies and surety bonds are not that expensive Your state insurance department is your best resource for insurance-related questions and concerns.
What are the types of business contract bonds?
examples of void contract
Can a person who does not have their bail agent license share ownership rights to a bail bonds company?
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