Monday, November 20, 2006

Can i qualify for unemployment if i own a business other than the job that I was laid-off from? -

I was laid off from my company. Now I m filing for unemployment. But I do own a small business other than the company that I worked for. Can I still file unemployment?If I can t, should I dissolve my sole-proprietary business and then file for unemployment?

Eligible check Although specific eligibility requirements vary from state to state, most states have the same basic standards for collecting unemployment benefits. They include:-You must be unemployed or working less than full time -You must meet certain income requirements -You must be ready, willing, and able to work -You must have involuntarily left your job In general, you won t be eligible for benefits if:-You quit your job simply because you didn t like it -You re fired for committing a crime (e.g., stealing) -You ve never worked before For more information, contact your state s local employment office. You can also look in the state government section of your phone book under Unemployment Insurance, Unemployment Compensation, Employment Insurance, or Employment Service. Or, you can try surfing the Internet using these same key terms. How are benefits calculated? Regardless of which state you live in, you ll receive a weekly unemployment benefit based on how long you were employed and your prior wages. The state will calculate your average weekly wage, and you will receive a percentage of that wage based on your state s formula. You can figure out your average weekly wage by adding up 12 months worth of pay stubs and dividing that number by 52. If you were salaried, just divide your annual salary by 52.Length will vary depends on your situation. Usually it last up to 26 weeks..I d recommend you to go ahead and call your local unemployment office, and get a clear answer.

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you should still be able to finle for unemployment I assume teh small business is more of a hobby than a business that can support you and family.

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