Late payments from customers can be a frustrating reality for any business owner. Not only does it disrupt your cash flow and impact profitability, but it also throws in extra work and expense with trying to recoup the debt. So, what options do you have? Can you pass the cost of collecting that debt onto the debtor themselves? The answer is yes, but under specific conditions and with the right clauses in your contracts. It's important to remember that you can't arbitrarily a
Disclaimer: Any and all information is not intended to be, nor is it, legal advice. Please consult your attorney for information concerning allowable rates of interest.
