The start of a new year is the perfect time for small businesses to hit the reset button, especially when it comes to managing finances. One of the biggest hurdles for small businesses, is recovering unpaid debts. Whether you’re a trade professional dealing with overdue invoices or a commercial landlord struggling with unpaid rent, addressing these issues early in 2025 can set you up for success.
Recovering Unpaid Invoices for Trades
Tradespeople know that cash flow is the lifeblood of their business.
Of course, late or unpaid invoices can create unnecessary stress. If you’ve got clients who haven’t paid you for your work, it’s crucial to take swift action. Start with internal reminders and if payment is still not received, don’t hesitate to seek professional legal advice from expert business lawyers like Holt Ronan. We can help you navigate the debt recovery process swiftly and effectively to allow you to stay on the tools.
Unpaid Rent: What Commercial Landlords Can Do
As a commercial landlord, unpaid rent can be a serious issue, especially when it affects your bottom line. Start by communicating directly with your tenants. But if the situation doesn't resolve, it may be time to consider legal options. At Holt Ronan Lawyers, we assist landlords in enforcing lease agreements, recovering unpaid rent, and, when necessary, pursuing legal action to secure the payment you deserve.
Starting 2025 with a clear plan to recover debts can set your small business on the path to financial stability.
Contact Holt Ronan Lawyers today to discuss how we can help you tackle overdue invoices and unpaid rent, so you can focus on growing your business in the year ahead.
Disclaimer: This advice is general in nature and is not intended to be legal advice.
If you would like legal advice, please call our office on (07) 5619 0440 and we would be pleased to assist you.
The team at Holt Ronan Lawyers have managed multiple property settlements for us and have been wonderful to deal with. Trish was wonderful at explaining things to us, incredibly prompt with her responses and made sure we were informed at every step. I would strongly recommend Trish and Holt Ronan Lawyers to help with your conveyancing.
Elyse May
Jan 2024
Richard and the team were on the ball and great to deal with in a recent property transaction. Very knowledgeable in their area of expertise and reached out to us for the accounting perspective to ensure both legal and accounting were handled simultaneously.
Adrian De Vito
Aug 2023
Excellent lawyers! They assisted us recently with our new business lease, going through every dot point and ensuring that I understood what everything meant, as well as fighting for us in negotiations. They would not allow me to sign off on anything until they were absolutely satisfied. I very much recommend them and would use them again in the future.
Jess Bunty
Gold Coast Art School
Feb 2024