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sdduuuude
Participant[quote=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.[/quote]
My corp (an S-corp) does pay premiums. Has been for 14 yrs.
I’m employed now, but very interested in hearing more on this.
Please send that attorney’s name and number !
Participant[quote=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.[/quote]
My corp (an S-corp) does pay premiums. Has been for 14 yrs.
I’m employed now, but very interested in hearing more on this.
Please send that attorney’s name and number !
Participant[quote=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.[/quote]
My corp (an S-corp) does pay premiums. Has been for 14 yrs.
I’m employed now, but very interested in hearing more on this.
Please send that attorney’s name and number !
Participant[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
Participant[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
Participant[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
Participant[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
Participant[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
Participant[quote=Leorocky]nobody “pays in” in CA. The premiums are 100% funded by your employer.[/quote]
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.
i.e. I am my employer, so the premiums are 100% funded by me.
Participant[quote=Leorocky]nobody “pays in” in CA. The premiums are 100% funded by your employer.[/quote]
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.
i.e. I am my employer, so the premiums are 100% funded by me.
Participant[quote=Leorocky]nobody “pays in” in CA. The premiums are 100% funded by your employer.[/quote]
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.
i.e. I am my employer, so the premiums are 100% funded by me.
Participant[quote=Leorocky]nobody “pays in” in CA. The premiums are 100% funded by your employer.[/quote]
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.
i.e. I am my employer, so the premiums are 100% funded by me.
Participant[quote=Leorocky]nobody “pays in” in CA. The premiums are 100% funded by your employer.[/quote]
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.
i.e. I am my employer, so the premiums are 100% funded by me.
ParticipantWhat really sucks is that I, as a contract employee, have been paying into the unemployment system for 14 years and if I’m let go, I can’t collect unemployment from my own company.
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