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LEGAL TIPS
#001
Include interest provisions in your contract - unpaid invoices can grow quickly if interest is added. California allows 10% interest per year per Cal. Civ. C. § 3289.
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#002
Adding an attorneys' fees provision in your business contract for collecting on unpaid accounts is another great way to add "teeth" to unpaid accounts.
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#003
Offer various ways to get paid. Some clients don't feel comfortable putting a check in the mail so offering payment via online credit card or Zelle/Venmo can increase your chances of closing out back due accounts.
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#004
Be consistent and firm in sending reminders about unpaid accounts; but if the client keeps ignoring you then it's time to consult with a lawyer. Vault Legal can help you get your accounts paid without costing you anything up front!