First time applying for PPP. LLC with payroll and k-1s for partners income.
What should I expect?
Calculate your average monthly payroll by adding wages (capped at 100k), plus benefits, plus partner's line 14a (reduced by section 179 expense deduction, unreimbursed partnership expenses, and oil and gas properties depletion, multiplied by 92.35%, capped at $100k).
Know how many employees you had as of Feb 15, 2020 (include active partners in this count).
Business name, email, and supporting docs.