Thinking about opening a car dealership in Kentucky? This step-by-step guide explains how to get an auto dealer license, choose the right license type, establish a compliant business location, prepare financial statements, obtain required insurance, and determine whether a surety bond is necessary. Learn about application documents, licensing fees, deadlines, and common mistakes to avoid before opening your dealership.

Who pays when a surety bond claim is filed? Learn how the surety bond claims process works, who pays a valid claim, and why the bonded business may ultimately be responsible for reimbursing the surety. This guide explains the roles of the principal, obligee, and surety, how claims are investigated, how indemnity agreements work, and how businesses can reduce the risk of claims while protecting their licensing and bonding relationships.