A bail is a specific sum of money that an individual charged with a criminal offence pays to a court as decided by a judge so that he is released to the community as he awaits his trial; the court then holds the money until the trial is completed and if the accused meets the conditions of bail, his money is returned back. In many incidences, the person charged with a criminal offence is not able to pay the bail as directed by the judge, a bail bonds company steps in, sells him a surety bond that acts as an insurance that the individual will appear before the court of law when required to.
Bail bonds companies make money from their services by charging some percentage of the amount of bond though it varies from one bail bonds company to another. When the client fails to honour the terms and conditions of the agreement that is the required percentage of the bond; the company is permitted by law to apprehend the client and take him to court.
Specific steps should be followed keenly in the formation of a bail bonds company by an individual or group of individuals; this is to ensure that that the company competes favourably with other firms offering the same services and also ensure that the company meets 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. The second step is looking for the required capital that needs to form the bail bonds company; it can either be from the individuals own savings, borrowing or acquisition of a loan. The final subsequent steps of forming a bail bonds company are formulation of 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 aspect of less disruption to the immediate family of the accused is dealt with because the judge may ask for a lot of money which may not be available within that short period. The accused is shortened the time he will stay In jail once he seeks the services of the bail bond company since if he fails to pay the stated bond by the judge, he will remain in the jail waiting for the date of hearing his case. There is a concept of quick service and processing since the bail bonds company layers are aware of court proceedings hence the bail process is done quickly and efficiently.