Lay myself off or not?

Post date: 2020-04-01 11:24:22
Views: 171
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:
FedEx beats earnings estimates, forecasts $1 billion cost savings in the next fiscal year
Answered: User can create account only with Gmail.
Answered: Confirm user email?
What's next as the British pound hits its highest in more than three years?
Nvidia heads for 5-day win streak as it hits record highs
Drone maker AeroVironment shares pop 24% on earnings beat
Tesla's European car sales nosedive for fifth month as customers switch to Chinese EVs
Ulta Beauty CFO Paula Oyibo quits, picks insider for interim role
How Coach got its cool back
The No. 1 biggest communication mistake most people make, says public speaking expert who's coached billionaire CEOs