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Clarification to: Self employment vs unemployment benefits in California?
Earlier I posted a question regarding eligibility for unemployment if self employed? Many of you responded very informatively.
I failed to mention though that I was working for a company up until 8/20/08 until got laid off. but i purchased the business in 5/8/08. I should add that the business is a corporation with currently as me the sole owner but it will change. I bought the business for my sister and brother and i will have nothing to do with it in a few months. I plan on looking for work in my own line which is environmental compliance.
Also, that the business is going in debt by a few grand every month until business turns around.
Now! do you think I can claim unemployment in California?
Thank you
Z
How did you get laid off from a company that you own?
Regardless, if the business paid it’s unemployment taxes to the state and Feds, you should be able to collect unemployment benefits. Of course there is also a requirement that you worked for several months before you became unemployed and you had to become unemployed for a bonafide reason, not because you quit or were fired for cause.