Sunday, June 10, 2012

Can you collect unemployment while starting a business or setting up self-employment? Sometimes

In some states, it is possible to continue to receive unemployment benefits for six months while starting a small business.

The general procedure is to submit an application, which will run an automated script to determine the likelihood of your conventional re-employment given your age, occupation or previous wage or salary.

Typically, instead of reporting on job interview attempts (as in the spoofy Minnesota film “Great Lakes”) you submit aspects of a business plan.

EHow has a discussion here. Only certain states have developed this opportunity, coordinated with DOL.  The original states are Delaware, Maine, New York, New Jersey, Pennsylvania, and Oregon (as of 2009) but it is expanding. 
There is actually a Blogger posting on this opportunity as it applies to New York State, link here

The possibility was covered on CNN Saturday.

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