Businesses who have tried to collect on debts from their customers have two primary options to pursue when all their in-house collection options have failed. Company owners can either hire a bill collector or an attorney to chase after their customers for them. There are benefits associated with both types of debt collection efforts.
What steps should I take to acquire a North Carolina business?
Many companies try to grow their service area or distribution channels by acquiring a new company. While some businesses enjoy an existing relationship want to join forces, many others ones have plans to go out and find someone to work with. There are some steps that companies should follow when looking for another business to partner with.
What's the importance of a mechanic's lien?
If you've heard the terminology "mechanic's lien" before, then you may have assumed that it has to do with cars. You shouldn't let the name fool you though. This type of legal claim is most often applied to homes. Suppliers or subcontractors will often file a mechanic's lien against a property to make sure that they ultimately get paid for their products or labors that they've invested in either improving or remodeling real estate.
How can you collect on your customers' bad debts?
As a business owner, you've probably had your fair share of clients who have has failed to abide by their contracts with you. Customers often think that nothing will happen if they violate an agreement. They don't realize that you were counting on them to meet your own financial objectives. If you've tried and failed at making collections calls, then there are a variety of legal remedies available to you to collect on the debts that you're owed.
Be careful when you enter into a contract here in Statesville
Most people who have been burned by someone that they've entered into a contract with did so because they failed to get their agreement in writing. Others failed to get a contract attorney to review it before they signed it. It's unlikely that any of them had a notary public witness their signatures.
Business partnership conflicts can be minimized
There are many benefits to running your business with a partner. It allows you to share the startup costs and workload with someone else. It can also be a way for two individuals with different skill sets to come together. While this can help them succeed, it may also cause them to fail.
Statesville construction companies face many types of lawsuits
Construction companies often have contracts with various entities including homeowners, suppliers, engineers, subcontractors and architects. Strict liability or negligence, breach of warranty or contract and suits alleging fraud are just some of the many types of lawsuits filed against contractors.
When are oral wills allowed in North Carolina?
There are situations in which a person can have a legally binding will that's not written. Nuncupative (oral) wills are allowed here in North Carolina if a person's death is imminent. That's why they're sometimes also referred to as deathbed wills.
What's involved in placing a lien to collect a debt?
As a business owner, you know there are few things worse than being owed money by another company that won't pay you. When efforts to collect what is owed you fail, one option you may want to consider is a lien on that company's assets. If you're successful in obtaining that, you have the right as a lien holder to sell those assets to recoup your money. Let's discuss what the process involves.
Understand the importance of a shareholders agreement
Divorces can happen to any married couple, even those who seem like they have it all. The reality is that no one really knows if a marriage will break down, and even with work, sometimes, they fall apart.
