Lay myself off or not?
Post date: 2020-04-01 11:24:22
Views: 649
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:
Book: Exordia
Snowpiercer: The First Blow Rewatch
Movie: Interstate 60
No new stock highs, no problem: Options traders bet they're coming in these names
phone games that get you into flow state
Good hand-sewing projects for a not-very-crafty ten year old?
Nasdaq climbs to fresh all-time high; S&P 500 is little changed as traders monitor Middle East tensions: Live updates
Answered: Is Q2A worthy anymore in era of AI?
Autonomous trucking company Aurora looks to accelerate toward profitability
Iran reportedly says it can reopen Strait of Hormuz within 7 days if U.S. eases military pressure