Lay myself off or not?
Post date: 2020-04-01 11:24:22
Views: 335
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:
SpaceX targets $135 IPO price at valuation of $1.77 trillion
SoftBank shares plunge over 11% amid broader tech sell-off
India's viral 'Cockroach' party has millions of followers. What investors need to know
Best progressive eyeglasses - Warby Parker vs. local optometrist
Widow's Bay: Your Baggage
Movie: Escape from Alcatraz
Star City: A Bear on a Chain
Inside Wealth: Soaring stocks created 2 million new millionaires around the world last year
Amazon engineers in Seattle slam employer for building AI data centers while laying off 30,000 staffers
SpaceX IPO hype has traders flocking to this mid-cap stock