New business and unemployment

[nofx]

If I am starting a new business while on unemployment when should I stop filing? When we open?

[AdamNe · Accepted solution]

Hello @nofx !

Congrats on your new business! 

In most states, you are required to disclose your income each week to the unemployment department so they can determine your eligibility for benefits. You will want to make sure you accurately account for any income you have as your business opens and claim it via the continuing claim process set up by your state. 

In many states, you can leave your claim open even if you are ineligible for benefits due to getting too much income in a given week. That way, you still have the claim open for weeks when you don't receive income. You'll want to check with your state's unemployment department for the specific rules regarding income and self-employment when it comes to claim eligibility.