I will have to dissolve my LLC and become a sole proprietorship. That or go out of business.
Are these commies that ignorant of economics, or are they deliberately trying to crash the economy?
I have an LLC as well. Keep in mind a single member LLC is a sole proprietorship according to the IRS. It won’t matter if you dissolve it or not.
Did you remember to file you FinCen BOI yet?
https://boiefiling.fincen.gov/
The BOI E-Filing System supports the electronic filing of the Beneficial Ownership Information Report (BOIR) under the Corporate Transparency Act (CTA). The CTA requires certain types of U.S. and foreign entities to report beneficial ownership information to the Financial Crimes Enforcement Network (FinCEN), a bureau of the U.S. Department of the Treasury.