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creato
2y ago
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The 35k bond doesn’t preclude getting sued for an unbounded amount. Presumably the idea is that a 35k bond demonstrates you have more available in case of a judgment.
That said, that seems like a risky idea in a world full of LLCs, trusts, etc.
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dragonwriter
2y ago
No. it demonstrates exactly the same minimum ability to pay as the alternative minimum deposit or insurance coverage, which are also $35k.
tptacek
2y ago
Not having any insurance coverage at all doesn't preclude you from getting sued for an unbounded amount.
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