¿Qué hacer si un CLIENTE te DEBE DINERO y NO te PAGA? EPISODIO No. 5 #YTUTAMBIENPUEDES
#YTUTAMBIENPUEDES® & CaféTaxO™ Podcast
41,689 views
What can you do if a client owes you money and doesn't pay?
If you own your own business or work for yourself, you might find that a client doesn't pay for your services or the work you've done, resulting in a significant financial loss for you and your business. Perhaps you can't reach them in person, and for some reason, they don't return your calls. What can you do? Well, in this video, we'll analyze what you can do in these situations and offer some suggestions that can help you prevent these types of losses.
Before starting legal proceedings, these are the steps you should take:
1. Give them the benefit of the doubt. Contact your client by phone, email, or other means and notify them that you are waiting for payment for your services. If you can't reach them immediately, wait a reasonable amount of time.
2. If, after Step #1 and after a reasonable period of time, our client still hasn't contacted us, send our invoice with the outstanding balance and a notification to our client giving them a specific number of days (for example, 5 days from the date they receive the notification) to contact us and arrange a payment plan. Then, allow another reasonable amount of time to pass.
3. If, after Step #2 and after a reasonable period of time, our client still hasn't contacted us, send our invoice with the outstanding balance, but this time via certified mail (USPS Certified Mail, and if possible, request a return receipt) and again send a notification giving them a specific number of days to contact us and arrange a payment plan.
If, after Step #3, we reflect on the matter and decide to continue the process because it involves a significant amount of money and our client has the means to pay the balance:
4. Send a Demand Letter (USPS Certified Mail). In this letter, we will inform our client that they have a specific number of days to contact us, arrange a payment plan, and/or settle the balance. Otherwise, we will initiate legal action against them.
a) If our client is an individual: our Demand Letter must state that we will initiate legal proceedings and hold them responsible for court and attorney fees.
b) If our client is a general contractor: our Demand Letter must state that if we do not receive the funds, we will initiate a Mechanic's Lien. In the State of Colorado, a Mechanic's Lien can be initiated after 120 days from the date the services were performed and no payment has been received.
c) If we perform mechanical work on a vehicle: and IF the vehicle is still in our possession, then our Demand for Payment must establish an Intent of Title. We must notify you that if we do not receive a response from you within a certain number of days (a reasonable period), we will initiate the process of repossessing the vehicle, and it will be put up for sale to recover our investment.
5. If, after Step #4, our client still has not contacted us, then we can now initiate the appropriate legal process.
a) We will file a lawsuit in Small Claims Court.
b) We will initiate the Mechanic's Lien process at the City office where the property on which we performed our services is located.
c) We will initiate the Intent of Title process at the State Department of Motor Vehicles.
Follow me on:
Facebook: Facebook: ytutambienpuedes
Instagram: Instagram: ytutambienpuedes
Twitter: Twitter: mjbetterbooks
TikTok: TikTok: mjbetterbooks
Visit our website: https://mjbetterbooks.com
Disclaimer: This video is for educational and entertainment purposes only and is not intended to be a substitute for legal, accounting, or other professional advice. If you have specific questions about any legal matter, you should consult with an attorney or other professional services provider.
© 2017 MJ Better Books Inc.
Disclaimer: This video is for educational and entertainment purposes only and is not meant to be a substitute for legal, accounting, or other professional advice. If you have specific questions about any legal matter, you should consult with an attorney or other professional services provider. © 2017 MJ Better Books Inc.
#llc #hispanicsinusa #youcantoo #piercethecorporateveil #llcrisks #llcerrors #smallbusiness #hispanicentrepreneurs #limitedliabilitycompany #hispanicbusinessowners #ifacustomerdoesntpay #accounting #smallbusiness #smallbusinesses
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¿Qué hacer si un CLIENTE te DEBE DINERO y NO te PAGA? EPISODIO No. 5 #YTUTAMBIENPUEDES
#YTUTAMBIENPUEDES® & CaféTaxO™ Podcast
41,689 views
What can you do if a client owes you money and doesn't pay?
If you own your own business or work for yourself, you might find that a client doesn't pay for your services or the work you've done, resulting in a significant financial loss for you and your business. Perhaps you can't reach them in person, and for some reason, they don't return your calls. What can you do? Well, in this video, we'll analyze what you can do in these situations and offer some suggestions that can help you prevent these types of losses.
Before starting legal proceedings, these are the steps you should take:
1. Give them the benefit of the doubt. Contact your client by phone, email, or other means and notify them that you are waiting for payment for your services. If you can't reach them immediately, wait a reasonable amount of time.
2. If, after Step #1 and after a reasonable period of time, our client still hasn't contacted us, send our invoice with the outstanding balance and a notification to our client giving them a specific number of days (for example, 5 days from the date they receive the notification) to contact us and arrange a payment plan. Then, allow another reasonable amount of time to pass.
3. If, after Step #2 and after a reasonable period of time, our client still hasn't contacted us, send our invoice with the outstanding balance, but this time via certified mail (USPS Certified Mail, and if possible, request a return receipt) and again send a notification giving them a specific number of days to contact us and arrange a payment plan.
If, after Step #3, we reflect on the matter and decide to continue the process because it involves a significant amount of money and our client has the means to pay the balance:
4. Send a Demand Letter (USPS Certified Mail). In this letter, we will inform our client that they have a specific number of days to contact us, arrange a payment plan, and/or settle the balance. Otherwise, we will initiate legal action against them.
a) If our client is an individual: our Demand Letter must state that we will initiate legal proceedings and hold them responsible for court and attorney fees.
b) If our client is a general contractor: our Demand Letter must state that if we do not receive the funds, we will initiate a Mechanic's Lien. In the State of Colorado, a Mechanic's Lien can be initiated after 120 days from the date the services were performed and no payment has been received.
c) If we perform mechanical work on a vehicle: and IF the vehicle is still in our possession, then our Demand for Payment must establish an Intent of Title. We must notify you that if we do not receive a response from you within a certain number of days (a reasonable period), we will initiate the process of repossessing the vehicle, and it will be put up for sale to recover our investment.
5. If, after Step #4, our client still has not contacted us, then we can now initiate the appropriate legal process.
a) We will file a lawsuit in Small Claims Court.
b) We will initiate the Mechanic's Lien process at the City office where the property on which we performed our services is located.
c) We will initiate the Intent of Title process at the State Department of Motor Vehicles.
Follow me on:
Facebook: Facebook: ytutambienpuedes
Instagram: Instagram: ytutambienpuedes
Twitter: Twitter: mjbetterbooks
TikTok: TikTok: mjbetterbooks
Visit our website: https://mjbetterbooks.com
Disclaimer: This video is for educational and entertainment purposes only and is not intended to be a substitute for legal, accounting, or other professional advice. If you have specific questions about any legal matter, you should consult with an attorney or other professional services provider.
© 2017 MJ Better Books Inc.
Disclaimer: This video is for educational and entertainment purposes only and is not meant to be a substitute for legal, accounting, or other professional advice. If you have specific questions about any legal matter, you should consult with an attorney or other professional services provider. © 2017 MJ Better Books Inc.
#llc #hispanicsinusa #youcantoo #piercethecorporateveil #llcrisks #llcerrors #smallbusiness #hispanicentrepreneurs #limitedliabilitycompany #hispanicbusinessowners #ifacustomerdoesntpay #accounting #smallbusiness #smallbusinesses