Chris Holman welcomes Brandon M. H. Schumacher, Esq. – Shareholder, Trial Attorney, Foster Swift, Collins & Smith PC, Attorneys with 5 offices across Michigan.
Watch Brandon and Chris review collecting unpaid invoices, construction liens, and legal steps businesses can take to protect cash flow, in this YouTube video shared below:
In the conversation with Brandon, Chris looked to find out:
- Brandon, let’s start with a challenge many businesses face. When a customer or client isn’t paying their invoices, what are the first steps a business owner should take before involving an attorney?
- At what point does a past-due account become a legal issue rather than simply a business relationship issue, and what options are available to companies trying to recover what they’re owed?
- Many business owners have heard the term “construction lien,” but may not fully understand it. What is a construction lien, and why is it such an important tool in the construction industry?
- For contractors, subcontractors, suppliers, and other businesses involved in construction projects, what are some common mistakes that can cause them to lose their lien rights or make collection more difficult?
- Whether a company is dealing with unpaid invoices or construction payment disputes, what practical advice would you give Michigan business owners to help protect themselves before problems arise?
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