I am a single member company, started in March and contract out to companies at 12 month/40 hour/week clip. Got offered a new contract that is good for the next 3 years, 9 months into current contract. So I wasn’t budgeting cash in the business for the change in cash flow, assumed (incorrectly) all were able to bill weekly. So maybe it’s a red flag however I am looking for answers on what to do in this given situation.
I am a single member company, started in March and contract out to companies at 12 month/40 hour/week clip. Got offered a new contract that is good for the next 3 years, 9 months into current contract. So I wasn’t budgeting cash in the business for the change in cash flow, assumed (incorrectly) all were able to bill weekly. So maybe it’s a red flag however I am looking for answers on what to do in this given situation.