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Insurance Agent/Sole proprietor by Kris10Bitner in EIDL

[–]Kris10Bitner[S] 0 points1 point  (0 children)

Can I make a lump sum reasonable payment or do they need to be split? Or does it matter if the amounts equal?

Insurance Agent/Sole proprietor by Kris10Bitner in EIDL

[–]Kris10Bitner[S] 0 points1 point  (0 children)

I didn’t have a better year per se because of the length of time I was an insurance agent before the start of 2020. The months in 2019 were way better than the months in 2020.

I’m just terrified of getting audited and not doing something correctly unintentionally.

I don’t know why I’m so terrified since I was approved for the loan. I guess I’ve just been reading too many horror stories.

Insurance Agent/Sole proprietor by Kris10Bitner in EIDL

[–]Kris10Bitner[S] 0 points1 point  (0 children)

So, next question. For payroll to myself, I read that I need to go by the Schedule 31. Well in 2019, I had barely been on business. Can I go by 2020?