OT: Unemployment Abuse

[blahblahblah]

My corporation is paid by another corporation who hires me. They don’t pay unemployment because I’m not their employee.

I’m employed by a corporation I own. Therefore, I “pay in” out of my own pocket when my corporation pays me a salary.

So in the scenario you describe, you are not actually unemployed. Analogous situations would be a law firm with no clients, a dentist with no customers, etc… You would only become unemployed if the corporation you own lays you, the employee, off. Unlikely to happen, but not unheard of. Perhaps your company grows, you hire some employees to take over your tasks, and you no longer require your services. At that point, the corporation could lay you off, you could collect unemployment, and — wait for it — you would still get your distribution if the company is profitable.

[Leorocky]

IF your company paid premiumns you should file and then hire an attorney to appeal if denied. I know somebody in a similar situation (in a different state) with the same issue. I believe he was a consultant and had an S corp set up for “his company”. He is currently collecting.

[Leorocky]

IF your company paid premiumns you should file and then hire an attorney to appeal if denied. I know somebody in a similar situation (in a different state) with the same issue. I believe he was a consultant and had an S corp set up for “his company”. He is currently collecting.

[Leorocky]

IF your company paid premiumns you should file and then hire an attorney to appeal if denied. I know somebody in a similar situation (in a different state) with the same issue. I believe he was a consultant and had an S corp set up for “his company”. He is currently collecting.

[Leorocky]

IF your company paid premiumns you should file and then hire an attorney to appeal if denied. I know somebody in a similar situation (in a different state) with the same issue. I believe he was a consultant and had an S corp set up for “his company”. He is currently collecting.

[Leorocky]

IF your company paid premiumns you should file and then hire an attorney to appeal if denied. I know somebody in a similar situation (in a different state) with the same issue. I believe he was a consultant and had an S corp set up for “his company”. He is currently collecting.

[sdduuuude]

[quote=CONCHO]So in the scenario you describe, you are not actually unemployed. Analogous situations would be a law firm with no clients, a dentist with no customers, etc… You would only become unemployed if the corporation you own lays you, the employee, off. Unlikely to happen, but not unheard of. Perhaps your company grows, you hire some employees to take over your tasks, and you no longer require your services. At that point, the corporation could lay you off, you could collect unemployment, and — wait for it — you would still get your distribution if the company is profitable.[/quote]

I’m an independent contractor. I just run everything through a corporation. Not looking for employees.

The thing is, if my customer ends the job (i.e. they stop paying my corporation), then I can’t fire myself and collect unemployment from my own corporation. It isn’t allowed – or so I’ve been told. So, why then, should I be paying in ?

The same situation exists for independent contractors working without their own corporation. They work on a “1099” where the client corporation pays them directly as an individual. They still have to pay in to unemployment (not the customer) and are not allowed to draw from it.

It’s called a “self employment” tax

[sdduuuude]

[quote=CONCHO]So in the scenario you describe, you are not actually unemployed. Analogous situations would be a law firm with no clients, a dentist with no customers, etc… You would only become unemployed if the corporation you own lays you, the employee, off. Unlikely to happen, but not unheard of. Perhaps your company grows, you hire some employees to take over your tasks, and you no longer require your services. At that point, the corporation could lay you off, you could collect unemployment, and — wait for it — you would still get your distribution if the company is profitable.[/quote]

I’m an independent contractor. I just run everything through a corporation. Not looking for employees.

The thing is, if my customer ends the job (i.e. they stop paying my corporation), then I can’t fire myself and collect unemployment from my own corporation. It isn’t allowed – or so I’ve been told. So, why then, should I be paying in ?

The same situation exists for independent contractors working without their own corporation. They work on a “1099” where the client corporation pays them directly as an individual. They still have to pay in to unemployment (not the customer) and are not allowed to draw from it.

It’s called a “self employment” tax

[sdduuuude]

[quote=CONCHO]So in the scenario you describe, you are not actually unemployed. Analogous situations would be a law firm with no clients, a dentist with no customers, etc… You would only become unemployed if the corporation you own lays you, the employee, off. Unlikely to happen, but not unheard of. Perhaps your company grows, you hire some employees to take over your tasks, and you no longer require your services. At that point, the corporation could lay you off, you could collect unemployment, and — wait for it — you would still get your distribution if the company is profitable.[/quote]

I’m an independent contractor. I just run everything through a corporation. Not looking for employees.

The thing is, if my customer ends the job (i.e. they stop paying my corporation), then I can’t fire myself and collect unemployment from my own corporation. It isn’t allowed – or so I’ve been told. So, why then, should I be paying in ?

The same situation exists for independent contractors working without their own corporation. They work on a “1099” where the client corporation pays them directly as an individual. They still have to pay in to unemployment (not the customer) and are not allowed to draw from it.

It’s called a “self employment” tax

[sdduuuude]

[quote=CONCHO]So in the scenario you describe, you are not actually unemployed. Analogous situations would be a law firm with no clients, a dentist with no customers, etc… You would only become unemployed if the corporation you own lays you, the employee, off. Unlikely to happen, but not unheard of. Perhaps your company grows, you hire some employees to take over your tasks, and you no longer require your services. At that point, the corporation could lay you off, you could collect unemployment, and — wait for it — you would still get your distribution if the company is profitable.[/quote]

I’m an independent contractor. I just run everything through a corporation. Not looking for employees.

The thing is, if my customer ends the job (i.e. they stop paying my corporation), then I can’t fire myself and collect unemployment from my own corporation. It isn’t allowed – or so I’ve been told. So, why then, should I be paying in ?

The same situation exists for independent contractors working without their own corporation. They work on a “1099” where the client corporation pays them directly as an individual. They still have to pay in to unemployment (not the customer) and are not allowed to draw from it.

It’s called a “self employment” tax

[sdduuuude]

[quote=CONCHO]So in the scenario you describe, you are not actually unemployed. Analogous situations would be a law firm with no clients, a dentist with no customers, etc… You would only become unemployed if the corporation you own lays you, the employee, off. Unlikely to happen, but not unheard of. Perhaps your company grows, you hire some employees to take over your tasks, and you no longer require your services. At that point, the corporation could lay you off, you could collect unemployment, and — wait for it — you would still get your distribution if the company is profitable.[/quote]

I’m an independent contractor. I just run everything through a corporation. Not looking for employees.

The thing is, if my customer ends the job (i.e. they stop paying my corporation), then I can’t fire myself and collect unemployment from my own corporation. It isn’t allowed – or so I’ve been told. So, why then, should I be paying in ?

The same situation exists for independent contractors working without their own corporation. They work on a “1099” where the client corporation pays them directly as an individual. They still have to pay in to unemployment (not the customer) and are not allowed to draw from it.

It’s called a “self employment” tax

[briansd1]

Officers of corporations are generally not eligible for unemployment insurance.

[briansd1]

Officers of corporations are generally not eligible for unemployment insurance.

[briansd1]

Officers of corporations are generally not eligible for unemployment insurance.

[briansd1]

Officers of corporations are generally not eligible for unemployment insurance.

[Author]

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