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A surety bond is a legally binding contract that helps guarantee fulfillment of an underlying obligation. If it doesn’t, the bond’s guarantor is. The federal government doesn’t require a surety bond for. The suretybonds.com surety bond calculator gives you a quick surety bond cost estimate. You'll likely need one for. A surety bond for $10,000 dollars is well within reach for a small business: The obligee (the state entity requiring. A 10,000 surety bond is a legally binding contract involving three parties: A surety bond is a way of ensuring that a business completes the work it was hired to do. Your michigan notary surety bond. Michigan law requires all notaries to purchase and maintain a $10,000 notary surety bond for the duration of.