Lay myself off or not?
|
| Post date: 2020-04-01 11:24:22 |
| Views: 437 |
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: |
Meta’s push into cloud computing means Wall Street has to prepare for lower margins
|
Led by Buc-ee’s and new rival Dolly Parton, America’s gas station chains are in a mega-sizing era
|
Buying the American Dream: The best tools, strategies and hacks for first-time house hunters
|
Stargate SG-1: Proving Ground Rewatch
|
Jeff Bezos' family office backed five AI startups in June
|
U.S. closes 2022 probe into 695,000 Tesla vehicles over unexpected braking
|
Tesla stock sinks 7% despite strong deliveries report
|
Ford CEO wants level playing field with Toyota, GM imports as USMCA trade talks reopen
|
Movie: Iron Lung
|
What became of the youngest Agees?
|