Lay myself off or not?
|
| Post date: 2020-04-01 11:24:22 |
| Views: 288 |
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.) |
| Please click Here to read the full story. |
| |
| Other Top and Latest Questions: |
Bill Ackman built Microsoft stake in first quarter during sell-off, betting on AI and cloud growth
|
Why J&J thinks its new psoriasis pill could be one of its biggest drugs ever
|
Russia's Putin to meet China's Xi in Beijing from May 19-20, Beijing and Moscow say
|
What are the current weather conditions in northern BC, AB, or SK?
|
Can you help me learn to make 3D shapes out of paper?
|
This used to be possible... Extracting hardcoded subs using SubRip
|
ISO: Good board games for 2 people to play outside while waiting in line
|
Book: The Player of Games
|
Good Omens: The Finale
|
UAE says its decision to leave OPEC was a strategic economic move, not a political one
|