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SBA Disaster Loans

Asked a question 2 years ago

Are single member LLC owners draws considered "payroll" for PPP?

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Liked by Pete M. and 4 others

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In Multifunding SBA CoronaVirus Support you can ask and answer questions and share your experience with others!

For PPP: As a single member LLC (with no employees) taxed as Sole Prop. Can I pay myself with an owner's draw (NOT as a ... as a forgivable "payroll" expense?

Our owner also owns two holding company with no employees and two LLCs with no employees. Can we apply for the PPP loan?

We are an LLC but technically considered a sole owner LLC (disregarded entity for tax filing purposes). So we file ... entity or form 5C as sole proprietor?

If I was in business in 2019 but only started payroll in 2020, can I use the 2020 payroll to calculate the average monthly payroll for EIDL and PPP application?

Is the $10k EIDL payment a grant or a loan? Under what circumstances must it be paid back? I am single member LLC with ... to understand each program separately.)

We received a PPP in the first wave and spent on payroll 80%. Rent the other 20%. We had to close one of our locations. ... I work to get the address changed?

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