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patti5550 · May 5, 2010, 06:46 AM

I am currently on unemployment. If I become part owner in a business, will I be able to stay on unemployment until the new business takes off?

excon · May 5, 2010, 06:51 AM

Hello p:

You must be actively seeking work. If you'd only be seeking work in order to qualify for benefits, but you really don't plan to take a job, then you are not eligible for benefits.

excon

patti5550 · May 5, 2010, 07:08 AM

Thank you, ex. I am actively seeking work while on unemployment. However, I may be looking to get into a part-time work situation with my dad to do small concrete jobs. If it works out, certainly I will stop seeking unemployment, but in the meantime need the benefits to stay afloat while trying to get something going, find another job, whatever happens.

patti5550 · May 5, 2010, 07:30 AM

Thank you, ex. However, to further clarify my dilema, I am actively seeking work while on unemployment. However, I may be looking to get into a part-time work situation with my dad to do small concrete jobs. If it works out, certainly I will stop seeking unemployment, but in the meantime need the benefits to stay afloat while trying to get something going, find another job, whatever happens.

excon · May 5, 2010, 07:32 AM

Hello again, patti:

No need to explain to me. I just told you what the law is. I started a successful company in 1991 while living on un-employment.

It's true. I broke the rules... But, it IS insurance, and I PAID for my coverage. In addition, the benefits are TAXABLE income. Plus, my company contributed MORE to the economy than I would have, had I simply found a JOB.

I'm NOT recommending that YOU break the rules. I'm just saying what I did.

excon