Charge an immediate $1k late fee plus 10% interest per month (accruing daily from due date +1) on unpaid balances. This isn't usury because it isn't a loan.
Put this plainly in the contract they agree to and sign up front before the work. Refuse to do business with anyone who pushes back on the late fee or late payment interest rate. This is a huge red flag.
Make sure you have a lawsuit loser pays for both lawyers clause in the contract.
Never quote without a discount (min 15% with 30-50% permissible) and have a clause that discounts are void on late payment.
14 day payment terms in the contract.
Don't accept checks. Specify wire and exclude checks in the contract. No "the check's in the mail" bullshit.
Put this plainly in the contract they agree to and sign up front before the work. Refuse to do business with anyone who pushes back on the late fee or late payment interest rate. This is a huge red flag.
Make sure you have a lawsuit loser pays for both lawyers clause in the contract.
Never quote without a discount (min 15% with 30-50% permissible) and have a clause that discounts are void on late payment.
14 day payment terms in the contract.
Don't accept checks. Specify wire and exclude checks in the contract. No "the check's in the mail" bullshit.