How to Become a Notary Public & Start Your Own Business
Business Overview:
If you’re looking to start a business that offers a valuable service to other businesses and individuals, you should learn how to become a notary public. Also known as a public notary or a notary, a notary public is a state licensed public officer with many different functions such as witnessing signatures on official documents, oath administration and taking statutory declarations and affidavits. When you look into how to become a certified notary public, you’ll find that the requirements vary greatly by state. Depending on your state’s requirements, the cost to become a notary will also vary. For example, in Oklahoma, you only have to have the notary seal stamp and $1,000 USD bond and the minimum cost is just $46.95 USD. However, the requirements in California include the notary stamp and a $15,000 USD bond, as well as an official journal of notary acts, inkless thumbprinter and state-required online training. The minimum cost to become a notary in California is $155 USD. Although not required, liability insurance which protects you in the case of personal errors and omissions is recommended. Although not required in every state, it’s a good idea to take a training course to familiarize yourself with your state’s rules and guidelines. Once you have met all the requirements of your state and have all your supplies in hand, you need to decide which businesses you will target for your marketing campaign. Businesses that use notaries often are attorneys’ offices, banks and insurance companies. Any business that uses legal documents will likely need the services of a notary public. Distribute business cards to businesses around town to let them know you’re available. Prices for notary services are typically set by the state so you don’t need to worry about how much to charge. As you can see, becoming a notary is one of the best business ideas out there for someone looking for a part-time venture.
A Day in the Life of a Notary Public Business Owner:
Your day will begin with a check of your email and voicemail to see if there are any new requests for your notary services. You will need to arrange meetings with your clients to notarize their documents at their places of business. Between meetings, you will distribute business cards around your area advertising your services.
About Your Customers:
Your customers will typically be businesses needing notary services for a variety of legal documents. You will also have some individuals as clients who need documents notarized.
What You Need to Start:
- State certification
- Notary public stamp
- Other requirements as determined by your state
- Transportation
- Computer with finance software
The Good:
- A notary public business can easily be run part –time and from your home.
- The demand for notary services will always be high.
- The startup costs are low.
- This is an excellent way to earn extra income.
The Bad:
- Prices are set by your state so you have no say in how much you charge for your notary services.
- Depending on your state, it can take some time to meet all the requirements to become a notary public.
Resources:
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