Consultants – How To Make Sure You Get Paid For Your Work

This was a presentation on October 22, 2008 in Waltham is for IEEE Consultants’ Network. I spoke along with Larry Nelson (who did a great job as pinch-hitter for Nathan Sokal) on preventive, contractual, and enforcement methods to give consultants greater likelihood of payment and collection. Larry Nelson spoke as a long-experienced engineer /consultant and I spoke as an attorney who represents independent consultants. Among the subject I covered in my “law side” of the presentation were proactive billing/collection ways to aid collection to avoid litigation, including:

  • Getting paid with secured promissory note, stock or options when cash not paid
  • Key tax issues involved in taking non-cash payment
  • Completing work, deliver value to the client, then use a workman’s lien to wreak havoc on the non-paying client if work bundled by that client for resale

 

For my slides for this presentation, LINK:

http://www.engelschultz.com/consultants-how-to-make-sure-you-get-paid-for-your-work/

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