Self Reporting Late Payment for Business

Hello All,

Was wondering if I could get your guys’ opinion on this.

I hold a Secret. I am a shareholder of a business with three other people. We rent out an office space just for business needs and the bill/client is sent to the owner of the business. The invoice is titled

[Company Name]

[Owners Name]

[Bill]

It has recently come to my attention that the owner missed a payment on our office space and its over the 120 day limit.

Do I have to report this or is this sort of a gray area? I’m not too sure as it was directed to owner under the business name, but I own a decent chunk of the company (20ish %)

Do you guys think that is a self-reportable event?

Thanks!

I would square it away…then self report. I doubt they move forward with it. But it speaks to integrity. Ethics.

People miss bills. Happens all the time. Getting it right is the important thing.