Lay yourself off and draw unemployment?

Discussion in 'Business Operations' started by BCFLawnLandscape, Aug 23, 2010.

  1. BCFLawnLandscape

    BCFLawnLandscape LawnSite Senior Member
    Messages: 333

    So, is it possible to lay off yourself as the owner of an S-corp when you have no work in the winter, and be able to draw unemployment? Has anyone done this? What are the pros and cons etc.

    Any advice would be greatly appreciated.

    Thanks!
     
  2. AI Inc

    AI Inc LawnSite Fanatic
    Messages: 26,433

    Depends on the state. I do it. A poster here from PA says he cannot.
     
  3. nepatsfan

    nepatsfan LawnSite Gold Member
    Messages: 3,142

    And pay yourself cash to plow?:laugh::drinkup:
     
  4. punt66

    punt66 LawnSite Fanatic
    Messages: 8,536

    you got to love socialism hahaah
     
  5. AI Inc

    AI Inc LawnSite Fanatic
    Messages: 26,433

    When forced to pay , ya learn to play.
     
  6. punt66

    punt66 LawnSite Fanatic
    Messages: 8,536

    a business owner is not forced to pay unemployment on himself. In CT its not allowed.
     
  7. AI Inc

    AI Inc LawnSite Fanatic
    Messages: 26,433

    Even on an s corp as the OP stated?
     
  8. fl-landscapes

    fl-landscapes LawnSite Silver Member
    Messages: 2,542

    FL I pay into the unemployment fund, and can not colllect as the president of the s-corp.......dont really like that deal. But what the heck am I suppose to do about it?
     
  9. BCFLawnLandscape

    BCFLawnLandscape LawnSite Senior Member
    Messages: 333

    Anyone know if it can be done in Ohio?
     
  10. BonesMalone

    BonesMalone LawnSite Member
    Messages: 46

    What about Kansas ?
     

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