If I lost my job based on downsize and decided to go into business for myself but have yet to make an actual income for several months while my business ramps up, can I still draw unemployment benefits? I have a business license but will not make a reportable profit (or very little - less than unemployment would pay me) for 4-6 months..--Answer1:Thats a question you should be asking some one at the unemployment office..--Answer2:Laws relating to unemployment differ from state to state, but you can probably receive some benefits since you did lose your job through no fault of you own and did pay into the system. Look up the requirements/ qualifications on your states labor website. Theyll usually tell you who doesnt qualify. If youre still in the running, go talk to someone. Chances are youll be entitled to something.