I have a chance for my corporation (a legal Type S corp) to earn $5,000 -- but I will have to buy almost $6,000 in equipment to do the job, so I will end up losing money in the short term. Does this $5,000 gross income for the corp count against me for unemployment? Or does it not because the corp is making no profit (and I am not paying myself a salary.)
      Answer1:bno
      Answer2:You arent really unemployed if youre starting your own corporation, dude.
      Answer3:if your not making money then you will not have to claim it on your unemployment form. as soon as you do make money, you have to claim any income.
      Answer4:they would qualify your eligibility for unemployment insurance based on any "gross" income generated a business... that means it wont matter if your taxes at end of year shows loss in business income.
      Answer5:Two college students are doing something that has never been done before by putting everything you need to run a business in one place,they call it: Business Empire Magazine