“Small businesses are the backbone of the American economy.” You hear it all the time. It’s rhetoric that is taken as an unquestionable truth, but, typically, small businesses are wronged and left to fend for themselves against opponents with a seemingly endless supply of funding. When that happens, a fledgling construction business has only three choices: limp on, go bankrupt, or find a lawyer.
In this four-part series, we are covering how small construction businesses can benefit by partnering with an attorney. Below, a Nashville construction lien lawyer will discuss how a lawyer can aid you throughout the complex mechanic’s lien process. For a law firm that has devoted itself to defending the American contractor, turn to Cotney Construction Law.
The Mechanic’s Lien
While many believe that a lawyer would only be useful in filing a lawsuit after a mechanic’s lien is filed, a lawyer is an incredible and often necessary asset to have throughout the entire lien process. Depending on the state you’re in, the lien process can range from incredibly simple to downright insurmountable.
The State of Tennessee, for example, requires subcontractors to send a preliminary notice in a mere 90 days from the last day of the particular month the project was completed. Additional notices must be sent to the owner and general contractor every month that services or supplies are provided without compensation. Believe it or not, failure to abide by these regulations can result in a misdemeanor offense. The consequences of filing a mechanic’s lien incorrectly or not filing one at all can be easily avoided when you partner with a Nashville mechanic’s lien law attorney.
It is simply unacceptable for an owner to refuse payments on projects that have been completed in a timely and satisfactory manner. Too often, contractors accept losses when faced with the complexities of filing a mechanic’s lien. This is an unsustainable course of action, and your company may soon face bankruptcy if it lacks the funds to invest in future projects. For aid in navigating through the mechanic’s lien process and ensuring that your company receives its owed payments, partner with a Nashville mechanic’s lien law attorney at Cotney Construction Law.
Disclaimer: The information contained in this article is for general educational information only. This information does not constitute legal advice, is not intended to constitute legal advice, nor should it be relied upon as legal advice for your specific factual pattern or situation.