- Jurisdiction
- Texas
I have a small restaurant that I am looking to sell because it is struggling. I have a potential buyer who is a refugee from Africa. He wants to buy my business in cash. He says that the cash he brought to the States is undeclared so he is looking to invest that money into various businesses.
My question: Am I legally allow to sell my restaurant and accept the cash from him? If the cash is undeclared, is that his problem or could I be breaking the law in some way?
Thanks.
My question: Am I legally allow to sell my restaurant and accept the cash from him? If the cash is undeclared, is that his problem or could I be breaking the law in some way?
Thanks.