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 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.
A given percentage of the required bond is charged by the bail bonds company, and this is how they make money; however the percentage 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.
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 first step is to identify a niche, this is a business gap that can be realized by carefully studying the existing market to realize aspects such as low-quality services provide by existing bail bonds companies or insufficient services by bail bonds companies to meet the existing demand of the market. The next step is for the individual wishing to form a bail bonds company to look for the required capital needed to start the company; it can be either from his saving, or acquisition of 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 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. It saves time when dealing with the bail processes especially when one seeks the services of a bail bonds company as the lawyers are familiar with the court proceedings