Speak to Manager after giving Resignation Letter
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@scottalanmiller said:
@Dashrender said:
@scottalanmiller said:
Unemployment isn't a wonderland of money. But it is a penalty to companies firing people who wanted to work.
Believe me i know. I was doing some consulting, and just a very few number of hours a week covered the pay from unemployment - So I told them not to bother continuing with the paperwork.
In retrospect, I should have opened an LLC, billed the consulting dollars through that, and paid myself minimum wage, and collected unemployment lol
Or not paid yourself at all.
I'm not sure how legal that is. My accountant at the time seemed to indicate that when you're an owner and the one doing the work, you have to pay yourself a wage. If you don't and you get audited, they would make you pay yourself a wage of some kind so you're paying FICA, etc.
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@Dashrender said:
I'm not sure how legal that is. My accountant at the time seemed to indicate that when you're an owner and the one doing the work, you have to pay yourself a wage. If you don't and you get audited, they would make you pay yourself a wage of some kind so you're paying FICA, etc.
As an LLC? Pretty sure you don't need to be paid to work. But I've never run an LLC. You only have an issue if you are taking profits AND not paying yourself to work.
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@scottalanmiller said:
@Dashrender said:
I'm not sure how legal that is. My accountant at the time seemed to indicate that when you're an owner and the one doing the work, you have to pay yourself a wage. If you don't and you get audited, they would make you pay yourself a wage of some kind so you're paying FICA, etc.
As an LLC? Pretty sure you don't need to be paid to work. But I've never run an LLC. You only have an issue if you are taking profits AND not paying yourself to work.
Kinda hard to pay your personal bills if you're not taking profits out of the company to pay them, or am I missing something? Assume single person income.
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@Dashrender said:
Kinda hard to pay your personal bills if you're not taking profits out of the company to pay them, or am I missing something? Assume single person income.
Pay the bills with unemployment. Pay for work stuff with the "profits."
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@scottalanmiller said:
@Dashrender said:
Kinda hard to pay your personal bills if you're not taking profits out of the company to pay them, or am I missing something? Assume single person income.
Pay the bills with unemployment. Pay for work stuff with the "profits."
A mortgage that is higher than the unemployment doesn't work that way... lol Time for downsizing.. lol
