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-   -   News Hey Small Business Owners...What are you doing to ride the storm out? (https://www.chiefsplanet.com/BB/showthread.php?t=330175)

Mr. Plow 04-01-2020 09:35 AM
Quote:
Originally Posted by O.city (Post 14880224)
We just set it up as an LLC this month.

It's an existing dental practice that has been in operation for 30 plus years, i just took over March 6th. Kept everything the same, just name change.
With it being in business so long and with minimal changes, I would think it would qualify. But that is just my idiot's guess at it.

O.city 04-01-2020 09:36 AM
Quote:
Originally Posted by Mr. Plow (Post 14880229)
With it being in business so long and with minimal changes, I would think it would qualify. But that is just my idiot's guess at it.
I mean, i would think so. I don't really understand why it wouldn't.

Mr. Plow 04-01-2020 09:52 AM
Quote:
Originally Posted by O.city (Post 14880233)
I mean, i would think so. I don't really understand why it wouldn't.
Me too. Only change would be change in ownership - not sure how that would disqualify you, but I saw the Chiefs win a Superbowl this year so at this point anything is possible.

BIG_DADDY 04-01-2020 10:06 AM
Quote:
Originally Posted by stevieray (Post 14880067)
I've lost four jobs.

My business is dying a slow death.

That said, I still have hope.
Hang in there buddy.

Buehler445 04-01-2020 11:31 AM
Quote:
Originally Posted by O.city (Post 14880233)
I mean, i would think so. I don't really understand why it wouldn't.
If they end up basing it on payroll history you won’t have any.

Hope you can get something going. If PPP doesn’t work hopefully the disaster money will

O.city 04-01-2020 11:34 AM
Quote:
Originally Posted by Buehler445 (Post 14880432)
If they end up basing it on payroll history you won’t have any.

Hope you can get something going. If PPP doesn’t work hopefully the disaster money will
I have all the payroll history from the previous owner. WOuld that matter?

Mr. Plow 04-01-2020 11:39 AM
Quote:
Originally Posted by O.city (Post 14880442)
I have all the payroll history from the previous owner. WOuld that matter?
That's why I think you'll qualify. You have a documented history of payroll with the office staff.

LiveSteam 04-01-2020 11:40 AM
Not a religious man.
But praying for all of you small biz owners.
Its utter bull shit what we're going through.

Buehler445 04-01-2020 11:41 AM
Quote:
Originally Posted by O.city (Post 14880442)
I have all the payroll history from the previous owner. WOuld that matter?
No idea. I wouldn’t think so if you set up a new LLC as opposed to buying shares of an existing one. The new one would be legally separate which is why you want it. That would make it something altogether different.

That’s my guess, but if I were you I’d say “**** you Buehler” and try like hell to get it. All they can say is no.

O.city 04-01-2020 11:54 AM
Quote:
Originally Posted by Buehler445 (Post 14880461)
No idea. I wouldn’t think so if you set up a new LLC as opposed to buying shares of an existing one. The new one would be legally separate which is why you want it. That would make it something altogether different.

That’s my guess, but if I were you I’d say “**** you Buehler” and try like hell to get it. All they can say is no.
Thats what I'm thinking i'm gonna do. Just file it and see what happens. I'm gonna use it to pay for employees either way and i'd think they want people to stay employed.

SAUTO 04-01-2020 11:55 AM
It asks how long the business has been open and how long you’ve owned it.

O.city 04-01-2020 11:59 AM
Quote:
Originally Posted by SAUTO (Post 14880494)
It asks how long the business has been open and how long you’ve owned it.
The PPP one or the EIDL?

SAUTO 04-01-2020 12:08 PM
Quote:
Originally Posted by O.city (Post 14880503)
The PPP one or the EIDL?
Awww sorry that was the eidl

mililo4cpa 04-01-2020 01:20 PM
Quote:
Originally Posted by Mr. Plow (Post 14880229)
With it being in business so long and with minimal changes, I would think it would qualify. But that is just my idiot's guess at it.
I would agree with it....the business in and of itself was operating pre-COVID. Of course, this is the government we're talking about!

mililo4cpa 04-01-2020 01:53 PM
Quote:
Originally Posted by Mr. Plow (Post 14880452)
That's why I think you'll qualify. You have a documented history of payroll with the office staff.
I would tend to agree...it was an existing business prior to Feb....change of ownership shouldn't impact that....


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