Why Should <I>You</I> Take the Fall?
A big client's bankruptcy shouldn't mean life or death for your business. Insure yourself with a UCC filing.
By David Worrell •
Opinions expressed by Entrepreneur contributors are their own.
In the wake of recent accounting scandals and bankruptcies,entrepreneurs are struggling with a new reality: Even the mostsolid-looking corporate customers can collapse and crush your cashflow under the weight of bad debt. To protect your company from thebankruptcy flu, an ounce of prevention is worth a pound ofcure.
Fortunately, recent changes to the Uniform Commercial Code (UCC)make it easier than ever for you to protect yourself as both acreditor and a debtor. Make savvy use of the UCC laws, and youcould provide yourself with growth capital through improved cashflow and deeper credit.
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