Can Small Business Owners File for Unemployment?
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Editor’s note: Lantern by SoFi seeks to provide content that is objective, independent and accurate. Writers are separate from our business operation and do not receive direct compensation from advertisers or partners. Read more about our Editorial Guidelines and How We Make Money.
Is Pandemic Unemployment for the Self-Employed Still Available?
How Do Unemployment Benefits Work?
Types of Business Owners Who Are Eligible for Unemployment
1. Sole Proprietorships
2. S Corporations
3. Business Owners Not Earning Wages
Requirements for Small Business Owners Applying for Unemployment
You worked as a wage-earning employee of the company on a W-2 (not 1099) You had a title and a role with defined responsibilities (such as CEO or president) You paid federal and state unemployment taxes You lost your status as an employee You can prove that you’re seeking alternative employment
How Small Business Owners Can File for Unemployment
What Kinds of Unemployment Benefits Can Business Owners Expect?
Other Small Business Financial Relief Options
SBA Disaster Loans
Other SBA Loans and Grants
Small Business Loans
Emergency Funding Options
Business Insurance Policies
General liability insurance Commercial property insurance Business interruption insurance (which helps you recover lost business income if your business is unable to open because of a problem such as a fire)
Crowdfunding
Lantern Small Business Loans
Frequently Asked Questions
Photo credit: iStock/FlamingoImages
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About the Author
Su Guillory is a freelance business writer and expat coach. She’s written several business books and has been published on sites including Forbes, AllBusiness, and SoFi. She writes about business and personal credit, financial strategies, loans, and credit cards.
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