Avoiding trouble Minimise the risks of late payment

摘要

A significant late payment can put a small business at considerable risk, so read our cut-out-and-keep guide below to reducing the risk of late payments, and mitigating the effects if it does become a problem Eliminate the risk of disputes by understanding who you are selling to. This means checking their status - sole trader, limited company or partnership - and invoicing the correct entity. Similarly, ensure that the person placing the order has authority to do so.