How to Start a Notary Business in 2024
Last Updated: 12/17/2023
So You Want to Be a Notary? Here’s How to Start Your Own Notary Business
Have you ever thought about making money as a notary public? It can be a great side gig or even a full-time business if you do it right. I should know — I started my own notary operation last year and it’s been awesome. In this article, I’ll walk you through the basics so you can launch your own successful notary venture.
Weighing the Pros and Cons of Becoming a Notary
First things first — is being a notary even a good fit for you? Let’s look at the pros and cons:
Pros:
- Be your own boss and set your schedule
- Earn extra income with minimal startup costs
- Help people by providing an important community service
- Gain recognition as a trusted professional
- Opportunities to grow into a full-time business
Cons:
- Administrative hassles in getting licensed
- Dealing with grumpy clients and legal documents
- Chance of errors that lead to lawsuits
- Physical stamps and supplies can be expensive
- Limitations on where you can operate
You don’t have to love every aspect of the job. But if you’re a detail-oriented person who enjoys working independently and flexibly, a notary gig can be very rewarding.
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Getting Credentialed as a Licensed Notary
If you decide being a notary is for you, the next step is getting approved in your state. Licensing rules vary, but you’ll generally need to:
- Pass an exam testing your knowledge of notary laws
- Undergo a background check to confirm you don’t have a criminal history
- Purchase a surety bond to protect clients if you make a mistake
- Take a short training course (in some states)
- Pay application fees that can range from $10 to $300
It’s not rocket science but expect the process to take 1–3 months. Be patient, follow the instructions carefully, and you’ll get your certificate soon enough.
Building a Client Base as a New Notary
Once you’re licensed, it’s go time! But how do you actually start making money as a notary? Here are some proven tips:
- Make professional business cards and start handing them out like candy
- Create a website or social media pages advertising your services
- Offer promotions for new clients, like one free notarization
- Introduce yourself at nearby law offices, banks, real estate agencies
- Get listed on notary websites to get hired for gigs
- Attend local networking events to connect with business owners
It takes consistent effort to get the word out when you’re unknown. But over time, you’ll build a solid base of repeat clients.
Good Habits for Running a Smooth Notary Operation
Here are some best practices for keeping your notary business running smoothly once you get started:
- Set reasonable rates based on your local market
- Renew your notary commission before it expires
- Invest in official stamps, journals, forms, and other supplies
- Keep meticulous records of your transactions
- Screen clients carefully and don’t notarize questionable documents
- Be available outside standard business hours — evenings and weekends
- Keep up with notary laws through continuing education
- Get business insurance to protect yourself from lawsuits
Follow these tips, conduct yourself professionally, and your reputation as a reliable notary will grow.
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Notary Financial Forecasts
Startup Expenses
Monthly Operating Expenses
Revenue Forecast
Frequently Asked Questions
Thinking of starting your own notary public business but still have some questions? Here are answers to some of the most common queries:
How much can I earn as a notary?
Most notaries charge $2-$15 per signature depending on document type, travel required, and your state’s rates. With enough clients, you can earn $30,000-$60,000 annually working part time. Full-time notaries in busy metro areas can make over $100,000.
What are the ongoing costs of a notary business?
Expect to pay for surety bond renewals, business insurance, professional association dues, continuing education, license renewals, office supplies, marketing expenses, mileage reimbursement, etc. Budget $2,000-$5,000 for annual costs.
Do I need any special equipment?
You’ll need a physical stamp or embosser seal, a journal for recording transactions, a black ink pad, and business cards at minimum. Most notaries also have specialty paper, ribbon seals, a carrying case, and certificate covers to look official.
Can I operate a notary business from home?
Absolutely. Many notaries run their entire business out of their home office and provide mobile services. Just make sure your homeowners insurance covers business activities. Some states prohibit conducting notary work from your residence so check regulations.
Do I need a separate business license and bank account?
If operating under your full legal name, you can use your personal license and bank account. Formal business formation is recommended for liability purposes if incorporating under a DBA. Consult your state’s requirements.
How do I attract clients as a new notary?
Spread the word far and wide that you’re open for business. Hand out cards, tell friends, run ads, pitch local businesses, list yourself on notary databases, offer intro deals, etc. Building awareness is key.
Is specialized training required?
Some states mandate training courses for new notaries. Periodic continuing education is also required in most states to stay up-to-date on changing laws and best practices. Advanced courses can help you specialize.
Can I perform notary services nationwide?
Your state license only allows you to notarize within your state’s borders. However, joining the National Notary Association provides added reciprocity in recognizing your credentials across state lines.
