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Related Business Law Questions
Is it possible to apply to a PPP loan for an online business
Is it possible to apply to a PPP loan for an online business as self employed? (Expenses are all digital one like online ads, email marketing, etc.) Wouod any amount be forgiven?… read more
SeanEsq
SeanEsq
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I heard today that i can apply for unemployment. I live in
I heard today that i can apply for unemployment. I live in Florida. I am the only owner of my 3 llcs. the 3 have been affected by covid-19. Is this correct? what would i need to do? one llc is in texa… read more
Joy
Joy
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I was recently approved for federal PUA and cancelled my PPP
I was recently approved for federal PUA and cancelled my PPP and EIDL loan applications. For many, including me, the money never came. With Congress preparing a new aid package would it be legal AND e… read more
Carter McBride
Carter McBride
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I am a residential general contractor, sole proprietor. I
I am a residential general contractor, sole proprietor. I have no employees. I have applied and am about to receive the PPP SBA loan. However I am unsure about how to obtain forgiveness of dept before… read more
Law Educator, Esq.
Law Educator, Esq.
139,796 satisfied customers
The SBA info is not clear about forgiveness, SBA: "For a
The SBA info is not clear about forgiveness, SBA: "For a sole proprietor or independent contractor: wages, commissions, income, or net earnings from self-employment, capped at $100,000 on an annualize… read more
Glenn
Glenn
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I'm confused on ppp forgiveness for a self employed
I'm confused on ppp forgiveness for a self employed contractor. The loan amount was based on 2019 avg salary and for 2.5 months or 10 weeks. Now for forgiveness it's only 8 weeks. So how do I get 100%… read more
Jill
Jill
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Doctoral Degree
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I received eidl. the advance portion was deposited in my
i received eidl . the advance portion was deposited in my bank account after april 3. i applied for ppp also right now. there is this question: 4. Has the Applicant received an SBA Economic Injury Dis… read more
Carter McBride
Carter McBride
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I am confused. I have read different information. can a
I am confused. I have read different information. can a single member llc apply for economic injury disaster loan and also for pay check protection loan? llc only works with contractors that make 'emp… read more
Matthew
Matthew
Attorney
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McBride: Scenario 1: Single member LLC, no 'employees'. Has
FOR Carter McBride:Scenario 1: Single member LLC, no 'employees'. Has contractors doing all the 'employee' work. gets SBA EIDL.Question. LLC has credit card debt, needs to pay for marketing expenses, … read more
Carter McBride
Carter McBride
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I am a small business and have two business accounts that
I am a small business and have two business accounts that have refused a loan to me, although I have not specifically required an SBA loan. What is required for one to receive an SBA loan, and can one… read more
Daniel Luneau
Daniel Luneau
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I have a question about the new SBA loans. I have applied,
I have a question about the new SBA loans. I have applied, but my I did not receive a loan. NOW I must apply again. I have a complicated set up, so this is going to be difficult to answer! I have 2 sm… read more
Zachary Fowler
Zachary Fowler
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If you have a business that you record as a Schedule C on
If you have a business that you record as a Schedule C on your income taxes, are you considered a sole proprietor? And do you qualify for the COVID-19 ECONOMIC INJURY DISASTER LOAN? … read more
DanLegal
DanLegal
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I've been asking you for insight and education about pay
Hello - I've been asking you for insight and education about pay check protection plan. I have an llc. I do not have employees . I am the only owner. I do not get paid with w2. I hire contractors do d… read more
Carter McBride
Carter McBride
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I run a non-profit organization. What are the criteria for
Hello. I run a non-profit organization. What are the criteria for me to be eligible for the current stimulus funding from the government?… read more
Daniel Luneau
Daniel Luneau
Juris Doctor
818 satisfied customers
I'm an owner of a general auto repair shop. I dont have
I'm an owner of a general auto repair shop. I dont have employees. I hire mechanics for their services. And give them 1099 at the end of the year. Do I qualify for the PPP LOAN as the owner of the sho… read more
JKEsq
JKEsq
Attorney
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11,257 satisfied customers
I have a business that does around a million a year and i am
I have a business that does around a million a year and i am an llc sole proprietor. I have a credit scotr above 800 like many people my age do.(not that this matters!) … read more
JustLaw Esq.
JustLaw Esq.
Attorney, Broker
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2,030 satisfied customers
I had a friend who applied for this and he's a real estate
second opinion] I had a friend who applied for this and he's a real estate agent and was eligible for more forgiveness although he makes less money. He applied for the PPP and EID. The local bank told… read more
Daniel Luneau
Daniel Luneau
Juris Doctor
818 satisfied customers
To anyone who has knowledge about Covid-19 CARES Act small
Second opinion] To anyone who has knowledge about Covid-19 CARES Act small business aid(This is not a duplicate. I am trying to get as many information as I can during this uncertainty. My business is… read more
JustLaw Esq.
JustLaw Esq.
Attorney, Broker
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2,030 satisfied customers

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DISCLAIMER: Answers from Experts on JustAnswer are not substitutes for the advice of an attorney. JustAnswer is a public forum and questions and responses are not private or confidential or protected by the attorney-client privilege. The Expert above is not your attorney, and the response above is not legal advice. You should not read this response to propose specific action or address specific circumstances, but only to give you a sense of general principles of law that might affect the situation you describe. Application of these general principles to particular circumstances must be done by a lawyer who has spoken with you in confidence, learned all relevant information, and explored various options. Before acting on these general principles, you should hire a lawyer licensed to practice law in the jurisdiction to which your question pertains.

The responses above are from individual Experts, not JustAnswer. The site and services are provided “as is”. To view the verified credential of an Expert, click on the “Verified” symbol in the Expert’s profile. This site is not for emergency questions which should be directed immediately by telephone or in-person to qualified professionals. Please carefully read the Terms of Service (last updated February 8, 2012).

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