This month’s buyer highlight is on Zlien, a mechanic’s lien submitting service.
Scott Wolfe, like a number 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 surprise Scott has owned every thing from an online firm to a regulation agency, and now a mechanic’s lien submitting firm. He’s grown up within the biz in any case!
After regulation faculty, Scott began his personal agency, specializing in building regulation, however this was simply the beginning of his entrepreneurial journey. Together with his dad and mom building firm, Scott noticed the problems the development trade faces with getting paid. This trade is plagued with critical credit score challenges.
As a lawyer specializing in building regulation, Scott noticed a chance to assist.
Within the building trade, initiatives are very advanced. There are a number of events engaged on a mission. Getting paid on time doesn’t at all times 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. Nonetheless, as everyone knows, payments don’t wait round till you’ve gotten the cash and neither do your staff. 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, you have to pay or up threat foreclosures or double cost for a similar job. It might even stop you from borrowing, refinancing or promoting the property. Yikes!
The painter above might file a mechanic’s lien to guard his enterprise BUT submitting a lien is tough, and complicated. The legal guidelines are completely different based mostly on the 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 acquired you lined. 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 utility that calculates lien and spot deadlines, serving to purchasers handle the difficult compliance points we talked about above. Speak about making folks’s lives simpler!
Wish to study extra about Zlien? Try their web site, Tweet them, or join with them on Fb.
