This month’s buyer highlight is on Zlien, a mechanic’s lien submitting service.
Scott Wolfe, like a variety of entrepreneurs we meet, comes from a household of enterprise house owners. His dad and mom personal a retail retailer and a building firm in New Orleans. With these household genes its no marvel Scott has owned all the things from an online firm to a legislation agency, and now a mechanic’s lien submitting firm. He’s grown up within the biz in any case!
After legislation college, Scott began his personal agency, specializing in building legislation, however this was simply the beginning of his entrepreneurial journey. Together with his dad and mom building firm, Scott noticed the problems the development business faces with getting paid. This business is plagued with severe credit score challenges.
As a lawyer specializing in building legislation, Scott noticed a possibility to assist.
Within the building business, tasks are very advanced. There are a number of events engaged on a venture. Getting paid on time doesn’t all the time occur. For instance, the painter could do a $50,000 paint job however not see the cash for weeks or months after the job is accomplished. Nevertheless, as everyone knows, payments don’t wait round till you’ve got the cash and neither do your workers. That is the place mechanic’s liens are available in.
So, what’s a mechanic’s lien? A mechanic’s lien is a “maintain” towards your property, filed by unpaid contractors or suppliers. When a lien is filed towards your property, it’s essential to pay or up danger foreclosures or double cost for a similar job. It may even forestall you from borrowing, refinancing or promoting the property. Yikes!
The painter above may file a mechanic’s lien to guard his enterprise BUT submitting a lien is tough, and complicated. The legal guidelines are totally different primarily based on town or state and what time-strapped entrepreneur has the spare time to dig round and determine this all out? Not anybody we all know! We additionally forgot to say, you solely get one shot to file your lien.
That’s why Scott based Zlien.
Fortunately, Zlien, has bought you coated. Zlien manages the entire lien submitting course of, serving to contractors and suppliers put together and file their liens accurately and quick. Zlien additionally has a web-based software that calculates lien and spot deadlines, serving to shoppers handle the difficult compliance points we talked about above. Speak about making individuals’s lives simpler!
Need to study extra about Zlien? Take a look at their website, Tweet them, or join with them on Fb.
