For Subscribers

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.

learn more about Gael O'Brien

By Gael O'Brien

Opinions expressed by Entrepreneur contributors are their own.

Do you have an ethical dilemma? Write to The Ethics Coach at ethics@entrepreneur.com.

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.

Continue reading this article — and all of our other premium content with Entrepreneur+

For just $5, you can get unlimited access to all Entrepreneur’s premium content. You’ll find:

  • Digestible insight on how to be a better entrepreneur and leader
  • Lessons for starting and growing a business from our expert network of CEOs and founders
  • Meaningful content to help you make sharper decisions
  • Business and life hacks to help you stay ahead of the curve

Related Topics

Editor's Pick

Have More Responsibilities at Work, But No Pay Bump? Use This Script to Get the Raise You Deserve.
Black and Asian Founders Face Opposition at All Levels — Here's Why That Has to Change
Living

Invest in Yourself: 10 Things Every Working Woman Should Do This Year

When striving for success, it is easy to forget about your mental and physical health. But without health, you cannot fully succeed. Follow these ten lifestyle strategies for success in your personal and professional life.

Thought Leaders

5 Small Daily Habits Self-Made Millionaires Use to Grow Their Wealth

We've all seen what self-made millionaires look like on TV, but it's a lot more subtle than that. Brian Tracy researched what small daily habits these successful entrepreneurs adopted on their journey from rags to riches.

Business Ideas

Every Company Has the Potential to Enter the Space Economy. Here's How.

The space economy is worth nearly $500 billion — why wouldn't you want to get involved if you can? Use these four tips to find out how you can get started.

Management

5 Reasons You're Stuck In the Weeds, Instead of Spending Your Time Strategically

Follow this advice from over 100 top CEOs to become less busy and more successful.