Lay myself off or not?
Post date: 2020-04-01 11:24:22
Views: 231
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:
voice message by recording in question area
The Trump administration equity portfolio is growing. These are the investments so far
Trump condemns racist video showing Obamas as apes after removing it, but says he won't apologize
Pressure mounts on American Airlines CEO as carrier lags rivals
Trump’s 'big beautiful bill' may spur significant changes to higher education in 2026 and the rise of 'un-college,' experts say
Hims & Hers pulls copycat weight-loss pill after threats of legal action
Elon Musk wants to be a trillionaire — here's how SpaceX may get him there
Washington Post publisher Will Lewis announces departure, following mass layoffs
Tech giants in China sold off alongside their U.S. peers last week. How to play it
Japan's Nikkei 225 skyrockets over 5% to hit record highs as Takaichi secures historic mandate