Category: 1099 vs. W2 Hiring
Getting Burned: Handling Late Invoices as a 1099 Contractor
📝 1099 contractors do not have the safety net of regular, automated W-2 payroll, late payments directly disrupt personal cash flow, make business expense coverage difficult, and force freelancers to spend uncompensated time pursuing unpaid debts.
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Net-30 terms often turn into Net-90 if you aren't strict. I now require a 50% upfront deposit before starting any client work.
Real-world experiences and preventative strategies regarding cash flow delays and clients who drag their feet on payments.