Lay myself off or not?
Post date: 2020-04-01 11:24:22
Views: 283
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:
A state banquet, selfies with Musk and Huang's noodle run: The spectacle of Trump's Beijing visit
Berkshire's new CEO overhauls portfolio, dumping a slate of stocks
Trump says China and Taiwan should 'both cool it'
Cerebras' blockbuster IPO boosts hype for SpaceX and OpenAI, but crowds out smaller players
What you need to know about Nvidia competitor Cerebras after wild IPO
The Bear: Gary
The Boys: The Frenchman, the Female, and the Man Called Mother's Milk
For better or worse, investors are living through Trump’s stock market. Here's why
Cisco is the most overbought stock in the S&P 500. Here are the others.
Creator content made the main stage at TV's 'upfront' pitches — and not just for YouTube