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abc1111

posts: 88

Mar 01, 2008 12:30 PM ET    Quote  Report Abuse
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I have a green card and a full-time job. If I quit my day job to launch my own business, will I receive any money from Social Security? How do I calculate it? Thanks.
robertj

posts: 1458

Mar 01, 2008 2:11 PM ET    Quote  Report Abuse
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First of all, unemployment benefits are handled by the State not the Federal Social Security.

Qualifications vary by State.

Most consider "starting a business" as a disqualification for benefits.

Don`t quit your day job until you have everything set. (plans, funds, customers if possible)



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CraigL

posts: 9051

Mar 01, 2008 7:44 PM ET    Quote  Report Abuse
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I believe you have to be fired or laid off to collect unemployment, if I`m not mistaken.
cdbartwork

posts: 210

Mar 01, 2008 7:56 PM ET    Quote  Report Abuse
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Laid off you can collect, fired not necessarily.

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abc1111

posts: 88

Mar 01, 2008 8:08 PM ET    Quote  Report Abuse
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Can I be laid off and collect something even though I would then work as an entrepreneur in my own LLC?

If I simply quit my job I then really do not get anything right? No help whatsoever from the US government?

DoorMat

posts: 289

Mar 01, 2008 8:57 PM ET    Quote  Report Abuse
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abc,
 
no you wont get anything....
aither

posts: 266

Mar 03, 2008 3:02 PM ET    Quote  Report Abuse
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If this business means so much to you, then put in the work it requires to get it off the ground.  Don`t be a dependant on the government.
aither3/3/2008 3:04 PM
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