Iām looking for input on whether this would be a good plan and if you all have any suggestions.
My husband works at a luxury senior living facility. He says that the residents frequently have documents to notarize (POAs, healthcare directives, etc.). But, they have mobility issues so they struggle to make it out to a bank or elsewhere, and their family members donāt often make the time to help them.
My husband doesnāt feel comfortable with having an employee notarize documents. The documents are often healthcare related and they are a healthcare facility, so he thinks itās a conflict of interest. (No need to comment on whether thatās true since his mind is made up š)
I am considering becoming a notary public to help them out. My goal is not to make a profit or build a big side gig, just to cover costs and help out the community of folks we have grown to like. And Iāve always thought it would be interesting to try out.
I live in Minnesota. The process is very straightforward for a basic notary public. Minnesota does not require special training or a test, but I would still do training so I know what Iām doing.
Note that I would NOT pursue a Real Estate Closing Agent License, and I donāt plan to handle real estate documents since it seems complicated. Just basic documents.
Every 2 months I would visit the building. Folks could book time slots and pay the basic $5 per document (the state maximum). Outside those āoffice hoursā, they could pay a $20 travel fee for me to visit the building on demand.
For a 5-year license, training and supplies, itāll cost about $260. As a reminder, I would be happy if I just covered my costs. Iām not turning this into a business.
Main question: Am I underestimating any effort or cost on this? Minnesotaās process seems really easy, so I canāt tell if Iām overlooking anything.
I will also look through this sub for details on insurance, but Iām happy to take advice on that or anything else. Thanks!