Re: Thanks to Respondents: Payment Delay in 1099 Employment Contract

["Michael L. Wyland" <michael -at- sumptionandwyland -dot- com>]

Trish:

Thanks for the follow-up.

A colleague asked recently about a trend he's beginning to see in his 
consulting practice - contracts written with 60-day payment terms 
rather than the traditional 30-day or shorter terms.

Interesting trend in an environment with increasingly automated 
payment systems and historically low interest rates for operating 
capital.  Of course, many businesses with excellent credit are seeing 
difficulties in obtaining or increasing their lines of credit, and 
uncertain business cycles increase the potential for delays in 
receiving payments.

Those of us who are independent contractors need to accommodate these 
trends into our contracting and business management practices.


Michael L. Wyland
Sumption & Wyland
818 South Hawthorne Avenue
Sioux Falls, SD  57104-4537
(605) 336-0244
(605) 336-0275 (FAX)
(888) 4-SUMPTION (toll-free)
michael -at- sumptionandwyland -dot- com

Since 1990
Strategic Planning * Executive Coaching * Training & Facilitation

-- NEW Web site:  http://www.sumptionandwyland.com
-- LinkedIn Profile -- http://www.linkedin.com/in/michaelwyland





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