Lay myself off or not?
Post date: 2020-04-01 11:24:22
Views: 221
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:
How the EV pullback is affecting factories and jobs in the South
Barclays AAdvantage cards are moving to Citi: What cardholders should know
Family offices brace for higher inflation with real estate and alternative investments
AstraZeneca is listing in New York, as Big Pharma balances the huge U.S. market with China's tempting innovation
From PopMart to JD.com: Britain and China rush to forge business deals as diplomatic thaw takes hold  
How to show question title before question meta in question list. (Mayropro theme)
Friday's jobs report will be delayed because of the partial government shutdown
These names on Josh Brown's best stocks list showed strength during last week's volatility. One is forming a 'golden cross'
Nvidia shares are down after a report that its OpenAI investment stalled. Here's what's happening
Rare earth miners jump as Trump is eyeing mineral stockpile to reduce China dependence