My question involves independent contractors in the state of: NY
I have a C-corp and I am formal president and an only employee of my corp. Until last week, I worked on a contract on corp-to-corp basis. Last week, my client terminated the contract and after last payment my corp obviously does not receive any money, and I don't pay any payroll to myself. I always paid unemployment insurance tax from my corp., both federal and state, as well as all applicable taxes including payroll tax. I had only one contract at a time, so my formal "business" does not receive any other income.
Can I apply for unemployment benefits? Do I need to dissolve my corporation for that? As of now, I don't want to dissolve it because I hope that eventually I will find another work contract.
Thanks.
I have a C-corp and I am formal president and an only employee of my corp. Until last week, I worked on a contract on corp-to-corp basis. Last week, my client terminated the contract and after last payment my corp obviously does not receive any money, and I don't pay any payroll to myself. I always paid unemployment insurance tax from my corp., both federal and state, as well as all applicable taxes including payroll tax. I had only one contract at a time, so my formal "business" does not receive any other income.
Can I apply for unemployment benefits? Do I need to dissolve my corporation for that? As of now, I don't want to dissolve it because I hope that eventually I will find another work contract.
Thanks.
Can I Apply for Unemployment Insurance if I Have a Business
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