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Thread: LLC owner - Unemployment benefits New Jersey

  1. #1
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    Default LLC owner - Unemployment benefits New Jersey

    I am working for an agency as W2 hourly employee for over 4 years and project with my client is about to end in 2 weeks. So, technically my agency (employer) will lay me off in 2 weeks.

    I do have a delaware LLC (single member) and have registered foreign llc with my home state - NJ. The business (LLC) is not doing anything except filing due taxes and annual reports. No income; Only loss (taxes etc).

    Am I eligible for unemployment benefits from the state of NJ ? If not, will I be eligible if I dissolve the company (LLC).

    Any other suggestions are welcome.

    Thanks in advance for your response.

  2. #2
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    Isn't any reason you shouldn't be eligible. The fact that you have your own business is irrelevant, except if you are actually working in it a major portion of your time once you become unemployed.
    I don't respond to Private Messages unless the moderator specifically refers you to me for that purpose. Thank you.

  3. #3
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    Patty

    Thanks for your response. I was under the same thoughts. But...

    NJ specifically seems to ask whether a unemployment claiming person holds office or posses 5% or more interest in any company, which immediately seems to disqualify.

    I am not sure if any body faced the same issue and was able to get UI benefits.

    thanks again

  4. #4
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    In ANY company?

    TSCompliance might have an opinion. NJ is her state.
    I don't respond to Private Messages unless the moderator specifically refers you to me for that purpose. Thank you.

  5. #5
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    Can't help, I'm pretty sure that none or very few of our employees own their own companies.

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