Michigan - Bonds & Insurance

What do surety companies look for in a contractor? Learn how sureties evaluate contractors before issuing bonds, including the Three C's—character, capacity, and capital. This guide explains how financial statements, working capital, backlog, project experience, management, credit, profitability, banking relationships, and the specific construction project can affect bonding approval and a contractor's ability to qualify for larger bonds.

Learn how to get a motor vehicle dealer license in Michigan with this complete step-by-step guide. Discover Michigan Class B used dealer requirements, business location and zoning rules, required training, the $25,000 dealer surety bond, insurance, repair facility requirements, fingerprints, application, inspection, dealer plates, fees, and ongoing compliance requirements.

Learn how to renew your Michigan auto dealer license with this complete step-by-step guide. Discover when to renew, how to use Michigan e-Services, what information and documents you may need, Class B training requirements, dealer bond and insurance considerations, dealer plate renewals, late renewal rules, processing times, payment methods, and common mistakes Michigan dealers should avoid.