A virtual assistant is like a personal secretary. They provide customer support, write, answer calls, transcribe, do research, etc. They basically work at home and communicate with their Employer through the Internet or through phone. One method many companies take to maximize the likelihood of having a positive experience in retaining a virtual assistant is by going through a virtual staffing agency. These virtual staffing agencies operate similarly to conventional staffing agencies. When setting up the structure of a virtual assistant business, the owner must decide how he or she will collect the money earned for the services performed.
Traditional Invoicing/Net 30 Days If the virtual assistant does a lot of work for larger corporate clients, she may find that her clients will only do business with her if she extends Net 30 Day terms. With this arrangement, the virtual assistant will issue an invoice at the specified time periods or at the end of a project, whatever is agreed to prior to starting the project.
Traditional Invoicing/Due Upon Receipt Issuing the purchase order or having an agreement where the terms are Due Upon Receipt will help the virtual assistant to get paid much quicker. Just like Net 30 Day terms, the virtual assistant will send an invoice at specified times or at the end of the project and wait for the company to send a check.
Credit Card Payment The virtual assistant can set-up a merchant account and collect payment from the client using a credit card. An invoice will usually still need to be given to the client, but payment can be processed immediately at specified times. The virtual assistant can keep the clients credit card number on file and charge it as soon as a project is completed and the invoice is approved. Credit card payments can also be processed through PayPal without setting-up a merchant account.
Retainer Many virtual assistants collect a retainer from their clients. Often a discount is given when the client agrees to a certain number of hours of work per month charged if it is used or not. Since the client has already paid, they will most likely use the time, however, this is a nice way for the VA to estimate how much he or she will work in a month because the client as already committed to a certain number of hours.
A Louisiana Retainer Agreement for Virtual Assistant Services is a legally binding contract that outlines the terms and conditions between a virtual assistant and a client based in Louisiana. This agreement ensures clarity and a mutual understanding of the expectations and responsibilities of both parties involved in availing virtual assistant services. Keywords: Louisiana, Retainer Agreement, Virtual Assistant Services, contract, terms and conditions, expectations, responsibilities. There are several types of Louisiana Retainer Agreements for Virtual Assistant Services, including: 1. General Retainer Agreement: This type of agreement sets out the basic terms and conditions that apply to all virtual assistant services provided by the virtual assistant in Louisiana. It outlines the duration of the retainer, payment terms, and the scope of services provided. 2. Task-Specific Retainer Agreement: This agreement is used when a virtual assistant is hired for specific tasks or projects rather than ongoing administrative support. It identifies the specific tasks to be performed, the deadlines, and the rates for those tasks. 3. Time-Based Retainer Agreement: This type of agreement is used when a virtual assistant is hired on a retainer basis for a certain number of hours per week or month. It outlines the hourly rate, the expected number of hours of work per week or month, and the availability of the virtual assistant during that time. 4. Full-Time Retainer Agreement: This agreement is used when a virtual assistant is hired on a full-time basis, typically for a longer duration. It includes provisions related to work hours, vacation time, sick leave, and any other benefits provided by the client. 5. Non-Disclosure Agreement (NDA): While not specifically a type of retainer agreement, an NDA may be incorporated into the retainer agreement to protect the client's confidential information. The NDA ensures that the virtual assistant does not disclose or misuse any confidential information obtained during the course of the engagement. In summary, a Louisiana Retainer Agreement for Virtual Assistant Services is a comprehensive contract that establishes the working relationship between a virtual assistant and a client based in Louisiana. It covers important aspects such as payment terms, scope of services, duration, and any additional provisions specific to the nature of the engagement. Different types of retainer agreements cater to various scenarios, including general retainer agreements, task-specific agreements, time-based agreements, full-time agreements, and the incorporation of non-disclosure agreements.
