Michigan Business Beat - Brandon Schumacher, Protecting Your Business From Nonpayment!

Attorney Brandon Schumacher recently appeared on the Michigan Business Beat, the official podcast of the Michigan Business Network, to discuss collecting unpaid invoices, construction liens, and legal steps businesses can take to protect cash flow.

Brandon addressed the following:

• 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?

You can watch the full discussion on YouTube or MichiganBusinessNetwork.com.