IF I CLOSE MY BUSINESS AND A FAMILY MEMBER RE-OPENS A BUSINESS IN THE SAME LOCATION WILL THEY HAVE TO PAY THE SAME UNEMPLOYMENT RATE I DID?
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Good afternoon. Are they totally separate businesses and do you have any ownership of the family member's business? Thanks.
Same type of business with no ownership.
As long as it's a different business with no common ownership and the family member did not take over your existing business, it would be considered a new business and not tied to your prior rates. If the family member took over your existing business, then the existing rates should carry forward.
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Practiced law for 32 years; also business man
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