I found my answer, not what I was hoping for ( for my employees) tough, they are on their own ! jk
now I need to look into filing a PPP just myself (as an LLC (company) sold owner but filing as a sole proprietor - I guess I need to figure out how to 1099 myself. ? oh Lord.
why can't you simply walk into a bar...... and get laid?
why is everything seemingly so difficult. hmmm. back to instructions manual. there goes 6 hours of my life I will never get back . there's another word.
HERE IS WHAT I JUST FOUND.
" Last week, the SBA issued guidance concerning the rights of independent contractors with respect to Paycheck Protection Program (PPP) forgivable loans. First, the SBA clarified that employers cannot include compensation paid to independent contractors in calculating their own loan amount. Second, the SBA announced that independent contractors and self-employed individuals will be eligible to apply for a PPP loans starting April 10, 2020.
The SBA has not yet provided any guidance with respect to how to calculate the amount of an independent contractor's PPP loan. SBA guidance also appears to indicate that self-employed individuals, such as service partners, may be eligible for PPP loans even if their partnerships are not. This alert explores both these issues in preparation for the April 10, 2020 application date for independent contractors and self-employed individuals. "
