Internet Marketing Entrepreneur
Forming a one-person LLC while on UI benefit in CA…will it affect me?
I’m currently on UI benefit in CA — every other week when I receive a claim form, it ask, “Did you work while you pay or not?” I usually put no since I don’t have a W2 or consultant job to report to. I am trying to make money as an affiliate marketing in hopes of receiving commission checks at this point.
I worked in the technology field, and I see all these job postings wanting candidates to think like an entrepreneur — well, in order to make my resume look “active” and boost my chance of earning extra income while also boosting my chance to be employ, I want to form an LLC for my Internet business.
I may not even make more than $200 a week (but I do get $366 on UI)…so will the formation of my sole member LLC effect my UI status? Once I make lots of money from my Internet Business, I can then stop filing out my claim form, right?
Yes becoming a LLC will affect your UI status. The state has access to all your records by the way LLC, unemployment etc. You can’t hide anything. I would say yes, I received pay if you did, and what usually happens is that your pay is deducted from your UI check. The state will know you earned money when you report your money on your state taxes next year, which if you earn over $600 per year, you will have to do.
If you haven’t been paid any money yet, I wouldn’t report it. Why are you jumping the gun? Wait until you are earning a good wage before you form an LLC.
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