California Dance Studio Bond
Bond Requirements & Set Rates
| Bond Amount Required | Annual Premium |
| Varies | $200 |
Dance studios that enroll students and collect tuition must secure a surety bond to operate in California. Required by the California Secretary of State, the California dance studio bond protects students against financial loss if the studio closes or fails to provide services.
Cost of a California Dance Studio Bond
The cost of a California dance studio bond starts at $200, depending on the bond amount. The bond amount is either $25,000 or 25% of the dance studio’s gross income from its business in the state during the last fiscal year, and the premium is typically a small percentage of that amount.
How the California Dance Studio Surety Bond Works
A California dance studio bond is a three-party agreement involving:
- Principal: Dance studio owner or operator
- Obligee: California Secretary of State
- Surety: Bonding company
The California surety bond guarantees the studio will comply with licensing rules, handle student funds responsibly, and operate in accordance with California laws. If the studio fails to meet these obligations, the affected party may file a claim against the bond. The surety will investigate and, if the claim is valid, pay up to the bond amount. The studio owner is then responsible for reimbursing the surety.
Secure Your California Dance Studio Bond Today
Getting the California dance studio bond is fast and affordable with NNA Surety. Complete this form, provide payment details, and receive your bond within a day. Download the bond form and submit it to the SOS with the $30 filing fee. For more information, call 855-563-1401 to speak to our team of experts.