That's a rediculous comparison to make. In the first place, the Trade Act was specifically put into place to deal with the issue of displaced workers. It did exactly what it was supposed to do - it gave me the start that I needed. It didn't get me all the way - I had to finish on my own.
In the second place, if you are collecting a paycheck from your "company" - and collecting / paying your payroll taxes properly, there is no reason why a business owner wouldn't qualify for unemployment. You'd be capped on the earnings, but IF you have been paying unemployment taxes on your wages from payroll earnings (like you are required to do by both the state and federal govts), then there is no issue there.
But, of course, if you are the small business owner that files on a Schedule C, while pocketing all the profits for yourself instead of running a payroll - no, you don't qualify for state unemployment benefits.
So sorry for you - although I would take a good paycheck anyday over unemployment benefits.
Quote: But, of course, if you are the small business owner that files on a Schedule C, while pocketing all the profits for yourself instead of running a payroll - no, you don't qualify for state unemployment benefits.
LOL I helped finance my wife when she started her new practice. We drove around in 10 year old cars and never went out let alone for a vacation. Have you ever had to meet payroll?? We have. I also remember having to take money out of my savings to loan my wife so she could meet payroll. It was 4-5 years after my wife started to even take out a decent income
BTW: I pay myself a regular paycheck ( I W-2 myself) and I don't think I'm eligiable to lay myself off when it gets slow for unemployment. I think the state worker in charge of that would really get a kick out of that if I tried.