late charge fee

[gderilus]

If you charging a percentage for your services, is it ok to charge your clients an extra percentage for being late on payments. I think this would be a way to receive payments on time from the provider. Would it be ok if you have it in your contract or would that scare them away.

[PMRNC]

It's your business, so as long as you address this in your contract you can charge a late fee. You should check with your state guidelines on late fees or interest.