On the PPP application, Socialite Studio LLC reported intending to use the proceeds of their PPP loan for the following expenses:īusiness Information - Socialite Studio LLC in Winston Salem, NCīased on the standard PPP eligibility formula, it may be possible to estimate the payroll expenses represented by a company on their PPP application (see details above). In order to qualify for the PPP loan amount received, Socialite Studio LLC's 2019 payroll expenses are estimated to be at least $305,246.īased on their reported 8 jobs retained, this equals an estimated average yearly compensation of $38,156 per employee 1 Reported PPP Proceed Usage: Please Note: Information on estimated payroll and compensation based on PPP rules is provided for informational purposes only.īased on the standard PPP eligibility formula, it may be possible to estimate the payroll expenses represented by a company on their PPP application (see details above).
#SOCIALITE STUDIO FULL#
Additionally, because this standard calculation is based on the maximum loan eligibility, it will under-estimate payroll costs if the business did not apply for the full amount of loan to which it was entitled based on its 2019 payroll expenses and other variables described above. Because salaries for PPP eligibility purposes are capped at $100k, businesses with highly-compensated employees will yield an under-estimation of actual payroll costs. This estimation assumes that the PPP recipient applied for the full amount for which they were eligible, and no other variables affected the loan amount received. The Registered Agent on file for this company is Brittain, Stephanie and is located at 5341 Robinhood Village Drive, Winston Salem, NC 27106. The company's filing status is listed as Current-Active and its File Number is 1414508. Situations may exist in which it may not be accurate to estimate a PPP recipient's payroll expenses based on the amount of PPP loan received. Socialite Studio, LLC is a North Carolina Domestic Limited-Liability Company filed On December 1, 2014. SES - Senior Executive Service Pay Calculatorįor Socialite Studio LLC, the calculation used to estimate payroll costs is shown below:. THANK YOU FOR ALLOWING ME TO SERVICE YOU. She's the proprietor of the new Socialite Studio on Sweeney Drive in Hagerstown, where you can take your selfies and videos to a whole new interactive level. FWS - Federal Wage System Pay Calculator PLEASE REVIEW ALL TERMS OF SERVICE PRIOR TO BOOKING.
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