A bail is the amount of money that one who is charged with a criminal offence pays to a court as decided by a judge whilst he awaits trial; the court then holds the money until the trial is completed and if the accused meets all the conditions of bail, his money is returned. In many occasions, the individual who is charged with a criminal offence is unable to pay the money as required by a court of law and therefore a bail bonds company comes in, sells him a surety bond by paying the court the required value as an insurance that the individual will appear before the court of law when required to do so.
The bail bonds company make money for their services by charging a given percentage of the amount of bond; the percentage varies from one bail bonds company to another. Incase the client fails to honour the agreement that is he fails to pay the required percentage a charged by the bail bonds company; the law permits the company to apprehend the client and take him to court.
A given procedure is followed when one or a group of individuals decide to create a bail bonds company so that the company can compete favourably with firms offering the same services and also be able to meet the future expectations of market trends. The individual wishing to from a bail bonds company should identify a business gap, this can be realized by identifying aspects such as insufficient services provided by existing bail bonds companies or low-quality services offered by similar companies. Next is for the individual to look for the required capital needed to form the company; he can get it from his savings, borrow from friends and relatives or acquire loans. Next steps are to formulate a business plan, look for a team to work with, take care of the legal aspects of the law, have the company logo designed, prepare business cards for the company and finally create the company website.
The first benefit of the bail bonds companies is the point of less disruption to immediate family members of the accused as money asked by the judge may be hard to find within a short period. Another importance of the bail bond companies is shortening the time in jail of the accused; this is because if he is unable to pay the bail, he will remain in jail waiting for the date when his case will be heard in court. When one hires the bail bonds company services he can save time as the bail processes are done quickly and efficiently.