I live in the state of Kentucky and am going to apply for for promoters license with the State Boxing and Wrestling Commision. Before filling out my application for review, I have to get a $5,000 bond. My question is, can I just go to my Allstate agent and get this. And about how much will that cost? The license itself costs $300. Unfortunetly, my state is one of the few that still regulates professional wrestling.
2007-03-15 09:47:59 · 1 answers · asked by rcslone5 2 in Business & Finance ➔ Small Business
About 20 years ago my mother needed a bond as the administrator of my uncle's estate. The bond was for about $40,000 and it cost about $140/year. I don't know if your type of bond is any different. You should probably try your agent, and if he doesn't handle this he probably can refer you to someone who does. I think the bond is like an insurance policy to cover other people against you running off with their money. If you have $5,000 that you don't need, there is probably some way that instead of paying for a bond, they will let you put the money in a secure account that you can't touch.
P.S.: Let me know if you need a bad guy manager. I'm short, so I'm thinking maybe I'd pattern myself after the Grand Wizard, except I want to interfere. I'll need an appropriate weapon (maybe a Singapore cane like the Sandman), and I'll need guarantees that the wrestlers won't touch me and I'll be able to escape after my sneak attacks.
2007-03-15 15:27:04 · answer #1 · answered by Alan S 6 · 0⤊ 0⤋