The Ethics Coach on Cash Deals, Transparency and More Our ethics coach takes your questions about under-the-table payments, planned obsolescence and price transparency.
By Gael O'Brien
Opinions expressed by Entrepreneur contributors are their own.
Q: A potential vendor says they'll give us a lower price if we pay cash--but they ask that we don't report the payment on a 1099. They are considerably cheaper than their competition, but this lack of accountability feels risky and unethical. What do you recommend?
A: Can we get away with it? is not a good starting point for a business deal. There's a range of potential consequences to consider when you don't operate with integrity, from legal issues to the impact on employees and customers.
The rest of this article is locked.
Join Entrepreneur+ today for access.
Already have an account? Sign In