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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...
Successfully negotiating a business contract requires you to have a strategy. However, even with the most refined strategies, you may still need to compromise on the things you want. When you know how to negotiate you may have better chances of developing an agreement...
When you work as a business owner, you will likely deal with confidential information at some point. Whether this information includes secretive plans for future collaborations and merges or blueprints for a new product, you want to keep this information as secretive...
As a business owner, you can expand your customer base and increase your sales by extending credit. Particularly if you are catering to other companies, your customers may make large purchases that require financing. Unfortunately, extending credit is not without its...
After a debtor fails to pay you what they owe, Ohio law states you have the right to repossess the property you lent them as soon as the default. Though you probably know that is easier said than done. There are a lot of logistics to collecting any property. Once you...
When you make your living as a contractor, subcontractor or laborer in Ohio, you have certain protections and remedies available to you if someone neglects to pay you for construction work you perform. A mechanic’s lien is a tool that gives you a means through which...
