answersLogoWhite

0


Best Answer

No. Because you were in total control of your business/income and therefore not an out of work wage earner, you would not qualify for unemployment.

User Avatar

Wiki User

14y ago
This answer is:
User Avatar
More answers
User Avatar

Wiki User

12y ago

Yes, if the company was not an exempt one and had been paying payroll taxes to the state.

This answer is:
User Avatar

Add your answer:

Earn +20 pts
Q: Do you qualify for unemployment compensation if the company goes out of business?
Write your answer...
Submit
Still have questions?
magnify glass
imp
Related questions

How do you use unemployment compensation in a sentence?

Example sentence - He did not qualify for unemployment compensation because he has never been employed.


If you were sick and got fired can you get unemployment in Ohio?

You may qualify, according to the Related Link below, "Worker's Guide to Unemployment Compensation, pp. 8,9. You may also qualify for workers compensation (health issues) if you were sick because of the job.


Do you qualify for unemployment compensation if you retire from the military in Oklahoma?

Yes, military people can file in Oklahoma.


Can you still collect your Ohio unemployment compensation after your company files bankruptcy?

If your company has been paying its unemployment taxes to the state all along, its being bankrupt won't hurt your unemployment benefits because those are paid to you from the state's pool of taxes collected from all the employers. Of course, you still have to qualify as any other claimant, as far as the state is concerned.


What is the main job of the agency that provides unemployment compensation?

The main job is to provide unemployment benefits to those people who have lost their jobs through no fault of their own and otherwise qualify under that state's laws.


Do employees of a closed company get unemployment benefits?

Unemployment is reserved for people who lost their employment through no fault of their own, so yes. However, you do need to qualify for unemployment based on your employment history. When you apply for benefits they will advise you if you do qualify based on your wages in the base period that they are using.


Do taxpayers pay for unemployment compensation?

In the US, the employer pays a payroll tax to the state, which in turn pays unemployment benefits to workers who qualify In Canada this is funded by the working people of Canada through their mandatory contributions.


How many months do i have to be employed with one company to qualify for unemploymentHow much of a percentage of my check do i get?

You have to be employed at a company for 90 days to qualify for unemployment. In most cases you'll get 50% of your check.


Can you collect unemployment compensation and Social Security at the same time in the District of Columbia?

Yes, they are separate programs and you can receive both as long as you qualify for each of them separately.


Can you collect both unemployment insurance benefits and Social Security benefits at the same time in Kentucky?

Yes, as long as you qualify for them individually.


Do you qualify for unemployment if you quit your job in Maryland to marry and relocate?

Quitting a job does not qualify for unemployment.


Does the cab company pay unemployment insurance?

If you are an employee of the cab company because you earn wages, then the company pays unemployment insurance to the state. If you were on straight commission, then they probably do not because commissions do not qualify you for benefits. Each state has it's own requirements as to who pays unemployment insurance.