What is a Mississippi contractor license bond?
Mississippi contractor license bonds ensure professionals working in construction follow the rules and regulations of their industry. The Mississippi State Board of Contractors (MSBOC) is the governing entity that manages licensing and complaints for the state.
To complete construction projects in Mississippi, you may need a contractor license bond. Several cities and counties across Mississippi also have regulations that may require contractor bonds, including Jackson, Tupelo, and Meridian. Local municipalities regulate residential electrical, plumbing, and HVAC work.
Learn more about how contractor license bonds work in our complete guide.
Get Your Mississippi Contractor License Bond:
Mississippi Contractor License Bond Requirements
In Mississippi, requirements for contractor license surety bonds often depend on project costs and work specifications. Construction businesses working in the state may also need or benefit from a Mississippi tax bond, according to the Mississippi Department of Revenue specialty tax guidelines. Mississippi Administrative Code (Title 35 Part IV) states:
- Contractors without a physical location in Mississippi may prepay the taxes due or secure a tax bond for all contracts over $10,000.
- Contractors with a physical location in Mississippi may prepay the taxes due or secure a tax bond for all contracts over $75,000.
Municipalities often require contractors to secure a license bond for $5,000 or $10,000, depending on the location. If you plan to work in any of these areas, you may need to a bond:
- City of Southaven
- County of Rankin
- Tate County
You could pay as little as 1-3% of the total bond amount if you have good credit. The cost of your bond may be as low as $100. Find out if you need a surety bond by contacting your local governing organization or ZipBonds.
Get Your Contractor License Bond in Mississippi
ZipBonds is the fastest and most secure option for getting bonded. Our all-digital platform is intuitive and straightforward. Apply online, email firstname.lastname@example.org or call 888.435.4191 to speak with an agent directly.
Founders Ryan Swalve and Zach Mefferd formed the vision for ZipBonds.com when they realized how overly complicated it was to help clients place surety. The frustration of being unable to incorporate the technology they’d used in other insurance-focused projects left them thinking “there has to be a better way.”
Fast forward a couple of years, and that better way is the impetus of everything we do at ZipBonds. We constantly look for innovative ways to improve the bonding process for our clients and agents. Our team comprises individuals who understand all angles of surety – for companies, agencies, and individuals. Incorporating everyone’s point of view to improve the process while simultaneously integrating cutting-edge technology is what sets our business apart.