Growing a law firm isn’t easy. You have to manage the business side. You have to manage cases and bring in new clients. So, just how can you become more efficient? How can you manage your time better and make more money? Essentially, the answer lies in outsourcing the business side of your business to…
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When it’s Time to Submit an Account for Collections
Even when you’ve tried your best to collect on delinquent debt yourself, there comes a time when more help is needed. Too much time has passed. Every month, the probability that you’ll get paid on a delinquent account significantly decreases. If an account is 60 or even 30 days past due and you’re getting nowhere…
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Promissory Note 101
If your company has decided to offer credit to a client, the next step is to create a promissory note. A promissory note is an agreement, or a promise, to pay a specified debt. Having a signed promissory note on file will help to ensure that you receive the payment which you are owed. Verbal…
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Extending Credit to Your Clients
Are you thinking about including a credit option in your business? Extending credit can be a tricky situation. While it can be beneficial to both your business and your clients, it also has the potential to backfire. Even those who had a wonderful track record in the past when it comes to making timely payments…
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