Does anyone in the community know if any online Small Business Web Store will qualify for the above Stimulus Financial help which the President said that all Small Businesses will get help??? Bonanza and other online websites are online Businesses that do pay taxes.
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AlfredB100 Reputation: 10 See AlfredB100's booth |
My guess in a nutshell… NO for the majority of individual sellers. Especially those don’t have a “regular” business setup with a DBA, tax filings, etc. Any payments might go to businesses that have employees and they would be taken care of first. Small businesses might also qualify for loans at low interest rates. Think of it like a bailout… companies get bailouts to keep them afloat during rough times. If you are an individual person, you would probably be taken care of with the cash payments to individuals.
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tomwayne1 Reputation: 8637 See tomwayne1's booth |
If you are a current registered corporation. Meaning llc, C or S corp owned by 1 person or more you will be taken care of by this stimulus. I am uncertain though if Sole Proprietorship falls into this category as with that there is no legal distinction between the owner & the business entity. Great question AlfredB100. Thanks for asking it!
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On_Vacation Reputation: 39 See On_Vacation's booth |
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Asked: about 5 years ago
Latest response: about 5 years ago
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