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Payments critical to small business
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Friday, April 30, 2010 at 8:06pm

While all businesses must be paid to stay in operation, collection issues are particularly critical for small business owners and freelancers.  A recent Wall Street Journal article describes the hardships of some freelances who struggle to get paid for their work:

About 40% of freelancers had trouble getting paid in 2009, according to a survey released in mid-April by the New York-based Freelancers Union, a 135,000-member organization for independent contractors across the country in fields such as media, technology, and advertising. It was the first year the group asked the question on its member survey. And more than three out of four freelancers said they've had trouble getting paid over the course of their careers, according to organization.

The problem could become more acute as independent contractors emerge as a more central piece of the work force. The financial crisis and the resulting high unemployment thrust many professionals into the ranks of freelance workers, which may continue to grow despite signs of an economic recovery.

In collecting accounts, often times the sqeeky wheel does indeed get the grease.  Demands from  North Texas business litigation attorneys often garner much more attention than notices from an in house bookeeper or an outside collection agency.  Sherman Texas Law Firm serving the Metroplex and the rest of North Texas.