I HAVE JUST FILED FOR AN LLC DO I CONTINUE TO FILE WEEKLY CLAIMS?
Q) I JUST STARTED RECEIVING UNEMPLOYMENT BENEFITS HOWEVER I BELIEVE I CAN GET OFF UNEMPLOYMENT IF I DO CONSULTING. I HAVE JUST FILED FOR AN LLC DO I CONTINUE TO FILE WEEKLY CLAIMS? IS THIS SOMETHING I CAN DO WHILE KEEPING MY UNEMPLOYMENT CLAIM ACTIVE?
A) The answer to this question depends on the specific unemployment laws in your state. In general, however, you may be able to continue to file weekly claims while consulting and keep your unemployment claim active, but there are a few things you need to keep in mind.
First, you will need to make sure that your consulting income does not exceed your weekly benefit amount. If your income exceeds your benefit amount, you may be required to repay some or all of the benefits you have received.
Second, you will need to report your consulting income to your state unemployment agency. You can usually do this online or by phone.
Third, you will need to be available for full-time work. This means that you cannot turn down a job offer just because it is not ideal.
Finally, you will need to be honest with your state unemployment agency about your consulting activities. If you are caught lying about your income or availability for work, you could be disqualified from receiving unemployment benefits.
To be sure, you should contact your state unemployment agency to get more information about the specific rules and regulations that apply to your situation.
Here are some additional tips for consulting while receiving unemployment benefits:
- Be organized. Keep track of your income and expenses so that you can accurately report them to your state unemployment agency.
- Be proactive. If you have any questions about the rules and regulations, contact your state unemployment agency.
- Be honest. Do not lie about your income or availability for work.
By following these tips, you can increase your chances of successfully consulting while receiving unemployment benefits.
NOTE: In general, you should report any income you receive while you are receiving unemployment benefits, including income from consulting. Failing to report income could be considered fraud and result in penalties.
You should consult with your state’s unemployment office to determine the specific rules and requirements for reporting income and maintaining your unemployment claim while also running your LLC and doing consulting work. It is important to ensure that you are following all applicable laws and regulations to avoid any potential legal or financial issues.
In addition, it may be helpful to consult with a legal or financial professional who can provide guidance and advice tailored to your specific situation.