Lay myself off or not?
|
| Post date: 2020-04-01 11:24:22 |
| Views: 245 |
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: |
Gen Z is embracing the prenup, says family law attorney: ‘The taboo of divorces is long gone’
|
UBS turns bullish on Palantir, says buy the dip on this clear AI winner
|
Columbia U. student Elmina Aghayeva released from ICE custody after Trump, NY mayor meeting
|
Pakistan bombs targets in Afghan cities, minister calls it 'open war'
|
How do I eye doctor - Minneapolis
|
Movie: Good Luck, Have Fun, Don't Die
|
Movie: Apartment 7A
|
Anthropic faces lose-lose scenario in Pentagon conflict as deadline for policy change looms
|
Trump Media in talks to spin off Truth Social from DJT into independent stock
|
Trump said tariffs could someday 'substantially replace' income taxes. What policy experts say
|