Have you ever heard about a lien? If not, then it is the legal process that allows someone to take a legal claim against an individual or organization for unpaid debt. It is a very simple and easy process which takes only a few minutes.
The first thing that comes to your mind is that it is a process which is used to get money from an individual, but it is not true. You can use it to get your rights protected if you are going to sell your business.
In this article, I am going to tell you how to put a lien on a business. I have been using this process for my business and it works amazingly. I am sure you will love this process too.
How to Put a Lien on a Business:
1. Get your documents ready:
You need to gather all the necessary documents before you start the process. For example, you should have a copy of the business license, the bill of sale or the certificate of ownership, and the sales agreement.
2. Register a lien:
This is the most important part of the entire process. You need to register a lien in your Local County or city hall. You can also do it online but it takes a little time and it is not free.
3. Write a letter:
After you get your documents ready, you need to write a letter to the person who owes you money. This letter should include all the information that you have gathered.
4. Mail it:
Once you have written the letter, you need to mail it. You can use the registered mail or you can go to the post office and send it there.
5. Wait:
After mailing the letter, you will need to wait for a few days. If you don’t get any response from the person then you will need to take the next step.
6. File a lawsuit:
If you still don’t get any response from the person after several days, then you will need to file a lawsuit against him.
Conclusion:
The process is very simple and easy to use. It will take only a few minutes to complete it. I am sure you will love this process and you will get your rights protected.
