Business Owners Need a Plan for Collecting Unpaid Debt To stay in business, you need to get paid for the services or goods you provide. However, it is inevitable that you will encounter customers who are habitually late with payments or fail to make them at all. To avoid having… Continued
A contract is an agreement between two or more parties that obligates the parties to perform or not to perform certain duties. In order to protect your rights under a contract, certain key components should be included in the contract. Get it in Writing First, while oral contracts are enforceable,… Continued
No matter what size your business may be or how many employees you have, an employee handbook can prove to be an important tool and your experienced business attorney can assist you with creating it. An employee handbook can prove useful in many situations, particularly should litigation ensue between an… Continued
As a business owner, you certainly understand that being able to collect on your business debts is an essential part of your financial success. Whether you sell goods or services, you certainly didn’t go into business to give your products or time away for free. Of course, you also want… Continued
Change happens, and your business will face change in the future. How you manage change as a business owner will impact your company’s success and it is important that you are prepared because it all comes down to planning. Regardless of whether you are selling a business interest, giving it… Continued
There are many ways that a creditor may seek to collect an outstanding debt. For example, the creditor may attempt to collect the debt through direct communications with the debtor, by filing a lawsuit against the debtor, by seeking to take possession of or to sell property securing the debt,… Continued
When a business’s customer fails to pay his or her debts, the business, as a creditor, has several available remedies to help collect the money from the customer, the debtor. “Self-Help” Remedies and Collection Agencies First, the creditor may simply contact the debtor directly and demand payment. If these… 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
While the process of obtaining a judgement through business litigation can be a daunting and futile ordeal without legal representation, most business owners are probably well aware that the hard part is enforcing a judgment. Once a settlement or trial results in a judgment, the court essentially has no further… Continued
If you are the owner of a small business, the realization that you are investing more time and energy in the collection of outstanding debts than operating your company can be a disturbing discovery. Although many business owners decide this misallocation of time justifies retaining outside assistance to improve loss… Continued