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Old 04-01-2020, 09:33 AM   #1
O.city O.city is offline
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Originally Posted by mililo4cpa View Post
I would think that would depend on how your business is structured? Not certain on this one....
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.
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Old 04-01-2020, 09:35 AM   #2
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Originally Posted by O.city View Post
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.
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Old 04-01-2020, 09:36 AM   #3
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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.
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Old 04-01-2020, 09:52 AM   #4
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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.
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Old 04-01-2020, 11:31 AM   #5
Buehler445 Buehler445 is offline
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Originally Posted by O.city View Post
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
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Old 04-01-2020, 11:34 AM   #6
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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?
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Old 04-01-2020, 11:39 AM   #7
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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.
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Old 04-01-2020, 01:53 PM   #8
mililo4cpa mililo4cpa is online now
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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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Old 04-01-2020, 11:41 AM   #9
Buehler445 Buehler445 is offline
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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.
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Old 04-01-2020, 11:54 AM   #10
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Originally Posted by Buehler445 View Post
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.
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Old 04-01-2020, 01:20 PM   #11
mililo4cpa mililo4cpa is online now
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Originally Posted by Mr. Plow View Post
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!
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