Lay yourself off.
Can I actually do this?
It is actually legally possible to do this, but its not as easy as I made it sound.
Example: You are the sole shareholder of a small company. You are the president, treasurer, secretary, salesman, whatever. You are the only employee. As an officer of the company you have the company hire yourself, you have the company set up payroll to pay yourself. In Louisiana there is NO exemption in unemployment taxes for employees who also own the company they work for. In other states (Wisconsin for example) there is an exemption so the company owner/employee does not pay the tax but is also not eligible for unemployment. So it depends on your state.
Paying the unemployment tax makes you a covered employee. The state of Louisiana forced you to do it. So, if the business had a downturn and had to go out of business, you could lay yourself off and collect.
Warning to the stupid people: If you were to do this for the sole purpose of collecting unemployment, it would not be ethical or legal. Only if your business is an honest to god business and experiences and honest to god downturn is this OK.
This post was edited on 11/16 at 9:42 am