Lay myself off or not?
Post date: 2020-04-01 11:24:22
Views: 238
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:
Star Trek: Starfleet Academy: Ko'Zeine
Can I really not take more than 1 dose of Excedrin Migraine per day?
New York Gov. Hochul drops robotaxi service proposal for outside NYC in blow to Waymo
Water in the wheels go round and round
Book: The Light Eaters
The Pitt: 1:00 P.M.
Movie: The Painter and the Thief
Sumitomo Pharma shares plunge nearly 16% despite greenlight for Parkinson's treatment
Amazon surpasses Walmart in annual revenue for first time, as both chase AI-fueled growth
Friday's big stock stories: What’s likely to move the market in the next trading session