Those who have applied to register with the State of Kentucky Attorney General as a Business Opportunity are required under the KRS 367.801 to file a Kentucky Business Opportunity 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 Kentucky Business Opportunity Bond holds you accountable for your business decisions.
By possessing a Kentucky Business Opportunity Bond, you are telling your Obligee that you can be trusted as a Principal and that you stand behind your business decisions.