Surety Bond – $100,000. This is in addition to the current $12,500 license bond.
Liability Insurance – $1 to $5 million depending on the number of individuals listed as personnel of record.
Personnel of Record – Every individual who is an officer, member, responsible manager or director of the LLC must be listed as personnel of record.
Qualifying Individual – LLC’s must be qualified by either a responsible managing employee (RME), responsible managing officer (RMO), responsible managing member or responsible managing manager.