Those seeking to operate a dance studio in the State of California must hold a surety bond in order to do so.
The bond must be the higher amount of these two options: $25,000, or 25% of the dance studio’s gross income from the dance studio’s business in California during the studio’s last fiscal year.
The term for these bonds is no less than 24 months (2 years), and the bond must be held continuously. This bond application must be filed with the California Secretary of State and has an initial filing fee of $30. Amendments to this bond can be made without additional fees.
Premiums for California dance studio bonds are dependent credit and bond amount.
A California dance studio contract can’t exceed $4,400 over the contract term.
Hours: 8:00-5:00 CST, Monday through Friday