If you are engaged as a solicitor operating in Louisiana, you are required under the Louisiana Revised Statutes section 45:844.11-15 et. seq. to file a Louisiana Solicitor’s Permit Bond as a condition of licensure.
A surety bond protects the party requesting the bond, the Obligee, against any financial losses as a result of poor financial decisions, damages, unethical decisions, or a failure to follow state and local laws on the part of you, the Principal. The Louisiana Solicitor’s Permit Bond holds you accountable for your business decisions.
By possessing a Louisiana Solicitor’s Permit Bond, you are telling your Obligee that you can be trusted as a Principal and that you stand behind your business decisions.