Can a sole proprietor or a partner in a partnership draw unemployment if the business closes?
Business Owners filing for Unemployment Compensation #5: Can a sole proprietor or a partner in a partnership draw unemployment if the business closes?: Normally they cannot. Sole proprietor and partner compensation is not reportable and they cannot pay unemployment tax on themselves. As such, unless they have wages from covered employment with another employer, they will not have any recorded earnings on which to base a claim.
Business Owners filing for Unemployment Compensation #6: Can a sole proprietor or a partner in a partnership draw unemployment if the business closes?: Normally they cannot. Sole proprietor and partner compensation is not reportable and they cannot pay unemployment tax on themselves. As such, unless they have wages from covered employment with another employer, they will not have any recorded earnings on which to base a claim.