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@itjesus Well my concern is I didn't get something else correct or answered a question right. Now that my EIDL loan app is in processing I'm worried they will find an issue and charge me. They make it sound like they aren't giving any leeway on this, if you screwed up, you're getting charged and...

@itjesus I'm going to do my best to return mine by then. I think that will be best. This program was not made or intended for us sole props. They say it was but there is too much grey area. I don't need the FBI arresting me for fraud. I have $10k of mine left, it'll leave me with $0 in my...

@itjesus I honestly wish I had the ability to return the money. I'm sitting here waiting for a call from the FBI or who knows saying I'm being charged with fraud or something. They didn't open it to us sole prop until the last minute and I just rushed through the process hoping to get something...

@itjesus There are a bunch of us in this boat. I was approved on my profit and loss for 2020. My current business was started in October 2019 and my net income was 0 for it. This is because I'm paid net 90 on most of my jobs so I didn't start earning actual any money until January. Then this hit...

@itjesus Totally this! This is going to get extremely messy for us.

@trang0714 Legalzoom is good also for setting everything up. Best to meet with an accountant to discuss the different tax structures. Llc sole prop you pay taxes on all net income from the business. If you do a S corp election you have to pay yourself a salary then the company pays income tax on...