Starting a business and unemployment benefits eligibility
An SBDC client is considering forming a corporation to operate his potential business. By incorporating, will he lose eligibility for the NYS unemployment benefits he is now collecting? What if the corporation is dormant for a period of time as he get his business together - can he collect benefits during this start-up period? The answer is...it depends: From http://www.labor.state.ny.us/ui/claimantinfo/beforeyouapplyfaq.shtm Q: What if I want to start my own business? A: Notify the Telephone Claims Center before you take any steps to start a business. Unless you are enrolled in the Self Employment Assistance Program (SEAP), these activities may result in the loss of unemployment insurance benefits. For more information on SEAP, click here . You are considered to be employed if you are engaged in operating or starting a business either by yourself, with a partner or in a corporate arrangement. Time spent during the day or evening or on weekends preparing to start or actually operating