Lay myself off or not?
Post date: 2020-04-01 11:24:22
Views: 320
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:
This is the greatest time ever for semiconductors, says CEO of key equipment supplier
Nokia doesn’t make phones anymore. So how does it make billions?
The Terror: The Devil in Silver: A Number in the System
In search of really, really nice (US-sized) composition notebooks
Iran reportedly launches missiles as Trump mulls deal to pause war for two months
Stock futures are little changed as traders eye developments in Middle East: Live updates
Tesla Robotaxi fleet in Texas less than one-tenth size of Waymo's, filings reveal
Oaxaca bound
Is there a (cheaper) hack for this biofeedback thing?
Answered: [New Premium Plugin] WPC - Wall Post Comments (Comments, Reactions, Edit Wall Posts)