3 ms·
Varies considerably by state. In Michigan business owners are not eligible for unemployment. They also don’t pay unemployment tax for themselves or family membe
by zrail 8y ago
Varies considerably by state. In Michigan business owners are not eligible for unemployment. They also don’t pay unemployment tax for themselves or family members.
- chrishynes 8y agoFor Federal taxes and most states, business owners aren't eligible for unemployment but still have to pay the tax.
- gm-conspiracy 8y agoDo you have citations for this? Not trying to be an ass, but my understanding, as the owner of an S corp, if you are paid as a W-2 employee, you are eligible for unemployment benefits. I only see 7 states that prohibit this, and Michigan is not one of them: https://www.nerdwallet.com/blog/small-business/unemployment-benefits-selfemployed/ https://www.nerdwallet.com/blog/small-business/unemployment-...
- zrail 8y agoSeems I misspoke a little. Michigan recognizes an LLC taxed as an S corp as an LLC, ignoring the S corp entirely. https://www.michigan.gov/documents/uia/1080_394228_7.pdf https://www.michigan.gov/documents/uia/1080_394228_7.pdf NO BENEFIT ENTITLEMENT Unemployed worker performed services for a PARTNERSHIP of which any part is owned by the unemployed worker, or 100% which is owned by any combination of the following: * Unemployed worker * Unemployed worker’s child(ren) * Unemployed worker’s spouse * Both of the unemployed worker’s parents, if unemployed worker is under 18. On page 2, the document goes on to say that owners of a corporation are entitled to limited benefits. They have to pay in to UIA, however. As the owner of an LLC I didn't have to pay into UIA at all for myself or family employees (and in fact got a refund when I mistakenly paid in).