If your business has been in the red for a while, and you cannot pay off your business debts, your creditors may start looking for money. They can do this by threatening legal action against you or your business. For these reasons and more, it is critical to consult with… Continued
Business owners have a difficult choice to make when a customer does not pay their bill. The matter is further complicated if that customer files bankruptcy. At that point, you have to decide if it is worth your time to go after them for the debt. In some cases, collecting… Continued
Attempting to recover a debt from a customer can be very challenging, and business owners have a difficult choice to make when a customer does not pay their bill: do you pursue the customer or not? What happens when the customer files bankruptcy? At that point, you have to decide… Continued
Effective collection of delinquent accounts plays an indispensable role in the financial solvency of any business. The best approach to handling accounts receivable involves implement procedures and noting warning signs before vendors, suppliers, and others with whom you have business contracts become past due on their accounts. Although you might… Continued
When you are focused on the successful operation of a company, there are many aspects of the business that must function smoothly to protect your profitability and survival. The revenue generated by delivery of your products and services to another business constitutes the lifeblood of many companies. Although you can… Continued
If another company owes your company money, chances are you want to collect on that debt as soon as possible while still preserving the business relationship whenever possible. While some debt collectors are unnecessarily aggressive, the collection process does not have to involve harassment and such aggressive threats of litigation.1 In fact,… Continued
For successful operations, businesses often rely on dealings with other businesses. Even with the economy bouncing back, many companies are still struggling and may have difficulty paying you the agreed-upon fee for any goods or services you provide them. If you are not successful in collecting on these debts on… Continued
Businesses rely on a wide variety of products and services in order to successfully operate. In many situations, businesses wrongfully choose not to fully pay for the goods or services they receive for a variety of reasons. Whether they are unable to pay, are planning to file for bankruptcy, or… Continued
If you’re an entrepreneur and considering forming a business, you may wonder “Does an LLC protect your personal assets?” The short answer is “yes, it does” in most cases. An LLC is a particular business structure that offers the liability protection of a corporation while giving you the flexibility of… Continued
In today’s business world, Intellectual Property (IP) plays an increasingly important role. Protecting innovative IP is becoming even more important in the global business community, with people the world over looking to take advantage of someone else’s work and turning it into a share of profits. We typically look to… Continued