An owner of a Maryland business with a fiscal year that ended on Dec. 31 is most likely spending some time reviewing last year's finances during the month of January. As part of that process, it might be beneficial for an owner to review his or her business plan to see if any adjustments need to be made. This can include reviewing employee benefits and other incentives, customer service, customer satisfaction, and the company's financial strengths and weaknesses.
More than likely, when you started your business here in Maryland, you expected it to be profitable and enjoy a steady stream of income. You provide a product or service to your clients and expect to be paid for it in return. Sometimes, however, clients fail to pay for the goods or services you provide despite your repeated requests. At some point, business debt collection efforts may need to involve legal action.