Lay myself off or not?
|
| Post date: 2020-04-01 11:24:22 |
| Views: 202 |
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.) |
| Please click Here to read the full story. |
| |
| Other Top and Latest Questions: |
Iran’s regime in its ‘final days and weeks' after mass protests, Germany’s Merz says
|
The top 10 jobs in the U.S. for 2026 all pay $100,000 or more, according to Indeed
|
Apple picks Google's Gemini to run AI-powered Siri coming this year
|
Trump’s tariff gambit over Iran risks derailing U.S.–China trade deal
|
Trump calls for credit card interest rate cap: Options for consumers if credit tightens
|
Powell investigation: Drumbeat of Republican opposition grows on Capitol Hill
|
BNY raises profit target as CEO Robin Vince says 'turnaround' is taking hold
|
Elizabeth Warren fears workers will 'lose big' with 401(k) crypto, presses SEC chair Atkins for answers
|
More drivers have $1,000-plus car loan payments. Here's what buyers can expect in 2026
|
Delta CEO sees record earnings in reach again thanks to high-end travel demand
|