4 ms·
Do 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 f
by gm-conspiracy 8y ago
Do 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).