Posted 3/2/2021 09:25 (#8867760 - in reply to #8867633) Subject: RE: ppp loan
C IL
Lots of rules/FAQ answers on the SBA PPP site about owner-employees of corporations and how sole proprietors receive owner replacement compensation which is considered payroll for purposes of the PPP loans.
Strongly advise crossing all your T’s etc and meeting with a consultant if necessary to do so.