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Invoicing Customers and Extending Credit

Many businesses invoice their customers. But you may not realize that when you invoice a customer, your business is actually extending credit. It may not feel like you’re extending credit -- after all, you’re just waiting for payment -- but from a legal perspective, you’re making an unsecured loan. You should consider the customer's creditworthiness before you do so. Here are a few basic principals to keep in mind.

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As a freelancer, how can I make sure to get paid?

As a freelance copy editor, I seem to be forever waiting to be paid. I'm out 90 days right now on a project. I'm afraid that if I gripe, I won't get any more work. How can I keep this from happening?

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liquid assets

Business property that can be quickly and easily converted into cash, such as stock, bank accounts and accounts receivable.

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