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    goingoutofbiz's Avatar
    goingoutofbiz Posts: 1, Reputation: 1
    New Member
     
    #1

    Nov 21, 2010, 05:28 PM
    I own a corporation for 4 years, it's going out of business, can I get unemployment
    I've owned my business for over 17 years - but am finally closing my doors due to this economy.
    We became a corporation 4 years ago and I own 50% of the business, my spouse owns the other 50%. Are we eligible for unemployment benefits?
    Stringer's Avatar
    Stringer Posts: 3,733, Reputation: 770
    Business Expert
     
    #2

    Nov 21, 2010, 06:08 PM

    As an owner I do not think that you or her qualify, sorry. This is my opinion though so check further.

    Stringer
    Fr_Chuck's Avatar
    Fr_Chuck Posts: 81,301, Reputation: 7692
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    #3

    Nov 21, 2010, 06:30 PM

    As a corporation, where you also employed and paid a paycheck as an employee. Have you been paying unenployment taxes on yourself to the state ?

    If you have, then you might, there is still the issue of you being the "owner" and that may or may not be an issue to go to the appeals process

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