Juggling Sole Proprietor Biz and Current Unemployment Claim
by elefunt, Window Shopper
- Created: March 19, 2010, 9:11 pm
I have been trying to get a sole proprieter Biz going on the side as I also have been working full time at a regular corporate job. It has been difficult. I was laid off and am collecting unemployment insurance. Through my networking, I have engaged with a non-profit org and they have offered me an independent contractor position for 2.5 months. It looks good and will open some doors for me. However, I am struggling with how to write the contract with them. The two possibilities are to write it up with them doing business with me or doing business with my sole prop. biz. On the surface I don't see the difference but I could be ignorant of some important facts which could make me go one way or another. I know either way, I will have to suspend my unemployment during most of that 2.5 months and then resume it when the contract is ove. But what else I should be aware of? So, my questions are:
1. Should I write the contract up with my name listed or my biz name listed?
2. What would be the differences between the two that would rear its ugly head?
3. Are there any rules, regulations that will compromise my unemployment insurance for the remainder of its one year claim time that will occur if I use my biz name?
I think that this issue may be on the minds of alot of people during this bad economic cycle since many people are getting involved in their own biz and trying to make a go at something in addition to being employed int he coprorate world.
You inputs on this topic would be very much appreciated.
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