If i start a small business and it fails can I collect unemployment?
Posted by admin in Finance Sunday, 20 March 2011 16:59 3 Comments
If I start a small business and the business fails can I collect unemployment benefits in the state of Michigan? If I can, do I needed to have made any money with the business? Any other important details to file or be eligible? Thanks!
Not unless you have paid unemployment insurance for yourself it isn’t available for you. The reason regular employees get those benefits is because the company they worked for is required to pay into it. That’s why if you get fired or quit your company’s insurance doesn’t cover you either.
you maybe able to fcall your local city business bureau
If you pay yourself through a payroll system and have taxes taken out of your paycheck, then pay those taxes quarterly to your state and the IRS, and you work the required number of quarters in order to eligible for unemployment benefits — maybe. You probably should go on the Work Force Commission website for your state and check for this information.