North Carolina — Business Opportunity Seller Bond
Arrange at least $50,000 of North Carolina business-opportunity security when the offer makes the representations identified in G.S. 66-94(3). The bond or trust account has a shared limit for actual damages, and buyers should verify its current status before signing.
Continue to our secure checkout partner, Propeller (opens in a new tab).
- Recorded state
- North Carolina
- Bond type
- Business Opportunity / Franchise Bond
- Category
- Business operations & taxes
What this bond does
Secure covered losses from the seller's violation of the business-opportunity article, breach of the sale contract or obligations arising from that contract.
- Who needs it
- The legal seller or lessor making the covered startup-business offer. Match its actual income guarantee, refund or repurchase terms and the statutory definition and exclusions before treating the bond requirement as applicable.
- Who it protects
- The bond or trust account is in favor of North Carolina. A person damaged by a covered statutory violation or contract breach may bring an action against it. The statute limits the surety's or trustee's aggregate liability to actual damages and the security amount.
Your bond option
This is the option on record for this bond.
- Bond optionPurchase Now (opens in a new tab)Continue to our secure checkout partner, Propeller (opens in a new tab).
The bond amount describes the limit of the bond obligation, not the price. A listed amount does not establish what the requesting party requires. The premium is what you pay and must be confirmed for the actual option. An E&O limit, where listed, is separate errors and omissions insurance.
Sources
- North Carolina Legislature: G.S. 66-94, definition (opens in a new tab)Checked October 27, 2026
- North Carolina Legislature: G.S. 66-95, required disclosure (opens in a new tab)Checked October 27, 2026
- North Carolina Legislature: G.S. 66-96, bond or trust account (opens in a new tab)Checked October 27, 2026
Have these ready
- Collect the seller's actual offer, agreement and income/refund/repurchase representations.
- Confirm the G.S. 66-94(3) trigger and required security of at least $50,000.
- Match the legal seller, State-favored undertaking and covered statutory/contract obligations.
- Confirm the accepted form, actual coverage dates and execution instructions.
- Prepare current security information for disclosure at least 48 hours before the earlier signing or payment.
Questions about this bond
Is the minimum available separately to each purchaser?
The statute imposes an aggregate limit for actual damages, capped at the bond or trust-account amount. A $50,000 security is not $50,000 of separate protection for every purchaser.
Does the required disclosure mean North Carolina approved the offer?
The required cover statement disclaims State review, approval and endorsement and says the State has not verified the information. Where security is required, the buyer should check its current status directly with the surety or financial institution before signing.
What follows Purchase Now?
Propeller's North Carolina business-opportunity seller application opens in a new tab. Match the legal seller, actual representations, State-favored security, amount, accepted form and dates before finalizing. Execute and deliver the required bond and separately provide the timely buyer disclosure; purchase does not approve the opportunity or establish that a particular sales pitch is lawful.