Can you have a business license and still receive unemployment assistance?
Godspeed asked:
Right now I’m receiving unemployment benefits but I’m looking to start a business next month. Can I have a business licenses even though I’m not planning to do business for the next 3 – 6 months. Would that affect my unemployment?
Right now I’m receiving unemployment benefits but I’m looking to start a business next month. Can I have a business licenses even though I’m not planning to do business for the next 3 – 6 months. Would that affect my unemployment?
Thanks!
Tags: Business Assistance, Business License, Business Licenses, Start A Business, Start Business, Unemployment Assistance, Unemployment Benefits
March 17th, 2010 at 2:26 pm
This is merely my opinion, but I would say it should not as you would not be reporting any income yet correct? I would call your local unemployment office and verify.
March 19th, 2010 at 8:06 pm
Merely having the license won’t affect anything. If you do generate any income however you must report it on your regular benefit claims.
March 21st, 2010 at 9:30 pm
If you already had a license, but no business, that would not be a problem. However, any work that you do in order to start a business in the future, including the time that you spend applying for a business license, must be reported to the agency that receives unemployment claims. It may or may not affect your eligibility.