Quote Originally Posted by britishdetained View Post
Honestly that is a very good idea, however in reality we cannot do that as there are many things to consider in a business...over head expenses, taxes, etc. If you do not charge them as you accepted the service how those things will be possible? Same as you go to school...you cant study now and pay after you got your diploma...
Actually, yes in some cases that is possible, but mostly its by deposit and pay as you go! I can confirm, having put my youngest through university and paid the course fee's and accomodation fee's periodiclly as required by her progression.

I dont know about PI, but in the UK and most other places, a business will need to have cash or credit with the banks. Its illegal to operate a business which is not solvent, ie enough cash, credit or reserves to over its overheads / creditors. The theory is you can stop the business anytime, pay everbody owed money and tak ewahts left after taxes.

There are business's which supply goods and or services and some take deposits. These are supposed to be kept separate from the funds used to keep the business running - to cover refunds or cancellations.

Its all about accountability.