Lay myself off or not?
Post date: 2020-04-01 11:24:22
Views: 242
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:
Jim Cramer's top 10 things to watch in the stock market Friday
State Farm announces $5 billion dividend; $100 average refund coming to car insurance customers
How to start investing with just $5 using micro-investing apps
UBS turns bullish on Palantir, says buy the dip on this clear AI winner
Jim Cramer isn't fretting Nvidia's post-earnings sell-off. Here's how he would respond
Movie: Good Luck, Have Fun, Don't Die
Star Trek: Starfleet Academy: The Life Of The Stars
Movie: The Last Sacrifice
Anthropic faces lose-lose scenario in Pentagon conflict as deadline for policy change looms
Trump angering MAHA with glyphosate order gives Democrats an opening