Lay myself off or not?
Post date: 2020-04-01 11:24:22
Views: 531
Should I lay myself off? Coronavirus edition.

I am a freelancer working in an industry that has dried up overnight. Last year, I incorporated, so I am now the president of an LLC with one employee (also me). I generally pay myself once a month. I'm already unable to make payroll.

Given the financial relief currently available due to The State of Things, am I, the owner of this company, better off laying off my employee (me) so she (I) can collect unemployment? Or should I apply for relief for the business itself? How do I make this decision? What would I even be eligible for?

(I cannot believe that I can't get a straight answer from either my accountant or my financial advisor, but here we are.)
Number of Comments
Please click Here to read the full story.
 
Other Top and Latest Questions:
Warren presses Lutnick over UAE access to sensitive U.S. tech after Trump crypto investment
SpaceX gives Nvidia a much-needed boost. Plus, Cramer on an 'undervalued' stock
Oil prices fall on negotiations to manage ship traffic in Strait of Hormuz
Movie: The Egg and I
Tanger CEO says World Cup drove up traffic, sales this summer
Manager of DRAM memory chip stock trade blockbuster ETF is back with new AI thematic bet
Trump admin refunds $100 billion in 'liberation day' tariffs
Another "identify this title from my youth" question
Silo: Memory Show Only
Hello, how long can I edit my profile