Starting a bail bondsman business is a very attractive venture especially if you understand the growth potential. There are no businesses in the industry that have captured a majority of the market share which means that it is still up for grabs.
Background Check and Disqualifications A clean background is crucial. You cannot have any felony convictions. If you have a felony on your record, you are automatically disqualified from becoming a bail bonds agent.
Texas law requires every bondsman to take at least 8 hours of in-person classes approved by the state bar of Texas. Bondmen must also be age 18 or older. Further, any conviction for a misdemeanor involving moral turpitude or a felony will disqualify someone from being a bondsman.
The bail bond agent will need you to sign some paperwork in order for you to secure their services. This usually means paying an amount to the agent, usually a percentage of the total bail amount, and signing off on any collateral for the bond.
As noted by the Professional Bail Agents Body of the US (PBUS,) the average bail bondsman rakes in $25, 000 to $50,000 each year. The body also noted that, in the major cities, some agents make hundreds of thousands of Dollars every year.
You must meet all the legal requirements to operate a bail bonds company. Take the required classes and ensure they are approved by the state bar of Texas. You will also need to pass the national bail bond agent exam. Next, you'll need to work on registering your bail bonds business in Texas.
Starting a bail bond business can be a profitable endeavor with significant growth potential.