Pay self employed and small business with in 7 days.

Pay self employed and small business with in 7 days.

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I am a small business owner and self employed. I would like to see a law passed where small business and self employed workers get paid from bigger companies within seven days. This would have a huge economic impact where we would be able to pay our staff quicker, spend and grow futher in the economy. Waiting 30 days or longer can cause a great deal of stress with cash flow. I feel it would benefit us to move money around quicker from businesses to people. There currently is no law that entitles small business to obtain charges past 30 days. Thus causing extra stress chasing unpaid invoices. This would surely help us grow effectively with in the business sector. Month after month undue stress and pressure is put on small business's to survive on a shoe string or barley any cash flow. Unfortunately forcing us to rely on expensive overdrafts and bank charges. This does not help small businesses grow but stunt us in taking on future employees or making bigger purchases to move up into a bigger company. I would be extremely grateful in this current climate for such a law to be passed so that small businesses are not victims of the pandemic.

0 have signed. Let’s get to 100!
At 100 signatures, this petition is more likely to be featured in recommendations!