Becoming a notary public can be an appealing career choice, especially for those looking to add value to their professional skill set or start a side business. But how much does it really cost? The answer isn't as straightforward as you might think.
First off, the initial costs associated with becoming a notary vary significantly depending on where you live. In many states in the U.S., the application fee alone can range from $20 to over $100. This fee is typically paid when submitting your application through your state’s Secretary of State office.
Next up are the necessary supplies. A notary will need specific tools such as a seal or stamp and a journal for recording transactions. These items can collectively cost anywhere from $50 to several hundred dollars, depending on quality and design preferences.
Training is another important aspect that adds to the overall expense. While some states require formal training courses—often costing between $50 and $200—others may offer free resources online or at local community colleges. It's wise to invest in education here; understanding legal requirements and best practices ensures you're well-prepared for your duties.
Once you've completed these steps, there’s also liability insurance worth considering, which protects against potential claims resulting from errors made while notarizing documents. Depending on coverage limits, this could add another annual expense ranging from about $100 upwards.
In summary, if you're contemplating becoming a notary public, expect initial costs (application fees plus supplies) around $150-$500 total before factoring in training and insurance expenses. However daunting these figures may seem initially, remember that being a notary can open doors—not just financially but also by enhancing your credibility within various industries.