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Best Debt Collection Agency in India: MNS

MNS Credit Management Group

You also need to have this proof for your tax records if you plan to deduct the bad debt from your income. The IRS will seek proof that you looked into all possible options before declaring the debt as a deduction in the case of an audit. b) Paying less money while making deductions for poor quality, delayed shipping, etc.

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The Implications Of Company Structure On Debt Collection

JSP Credit Management

This model is the dominant model in the legal sector for example where law firms will nearly always adopt an LLP company structure. The limit of the liability is written up in a contract and is usually proportionate to the level of investment the partner has made to become a partner of the company.