By Scott Humphrey
Unlikely as it may sound, surety bonds are the new big thing in the fitness industry. This is the inevitable result of two of the most worrying recent societal trends – the growth in obesity and the slowing down of the economy, both of which have been trending in such parallel fashion that it often appears as though the two were inextricably linked. But despite the increased demand for these facilities, fitness clubs are not immune to the down economy and can be just as prone to failure as any other business. However, what complicates the matter is that there are often large fees paid by the club members, and thanks to this rapid growth in the fitness industry, tighter regulations are now being enforced with surety bonds at the very heart of the process.
How do surety bonds work?
If you have ever bought a property or (Read More....)