Michigan Business Beat | Brandon Schumacher, Foster Swift, Protecting Your Business From Nonpayment!

Originally uploaded June 25th, reloaded July 8th. Chris Holman welcomes Brandon M. H. Schumacher, Esq. - Shareholder, Trial Attorney, Foster Swift, Collins & Smith PC, Attorneys with 5 offices across Michigan. Brandon, let's start with a challenge many businesses face. 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? » Visit MBN website: www.michiganbusinessnetwork.com/ » Watch MBN’s YouTube: www.youtube.com/@MichiganbusinessnetworkMBN » Like MBN: www.facebook.com/mibiznetwork » Follow MBN: twitter.com/MIBizNetwork/ » MBN Instagram: www.instagram.com/mibiznetwork/