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Waiting on payment for a job you already completed can create uncertainty and angst. Particularly, if you rely on your earnings to afford necessities, non-payment could compromise your finances. A mechanics lien is something you may consider to convince a non-paying...
The Ohio Uniform Fraudulent Transfer Act allows creditors to file claims to void the transfer of property from debtors to third parties. The statute of limitations requires filing a claim within four years of a transaction. If, after the SOL ends, you find that a...
You likely have to reveal some of your company's information at times when you work with others. Much of this information may be paltry and incidental, but you should always protect data that could undermine your business. Trade secrets are pieces of hidden...
Contract disputes can cost your company a lot of money and may even impact its reputation. You may also expend valuable resources finding a solution and unintentionally disrupt your workflow along the way. Protecting your company against such disputes begins during...
The U.S. Bankruptcy Code allows borrowers with a steady income to submit Chapter 13 bankruptcy petitions. Unlike Chapter 7, a borrower’s assets may not liquidate or return to creditors. With Chapter 13, a trustee works with a borrower to repay creditors through a...
When you supply a product or provide a service for an individual or business in Ohio, you expect this individual or entity to compensate you for what you provided within a timely manner. Regrettably, this does not always happen. When you fail to receive payment for...
Lending can sometimes prove a potentially financially risky business, especially when those you lend to refuse to pay you back. As a lender, you have the right to reclaim the property or money that you loaned to other people. Though it helps to have a concise and...
Extending credit to your customers is an important part of growing your company and creating customer loyalty. However, failing to collect on debts in a timely manner can open your business up to financial risk and result in lost income. As a business owner, you...
When you work as a subcontractor in Ohio, you have a right to receive prompt payment. In fact, Ohio has a Prompt Payment Act in place that sets guidelines with regard to when a contractor must pay you for your part of the work performed. According to the Ohio Laws and...
As a small business owner, every last dollar counts, and when a previous customer fails to satisfy an old debt, you may wonder to what extent you can go to recover the past due amount. Can you ask the courts to garnish the customer’s wages? According to Nolo, you can...
