California Employment Law
California Employment Law Questions Answered by Legal Experts
I want to thank you for your very informative answer and will have no problem rating you a TEN.
I would like to ask you some follow up question(s). First let me propose a "new" related scenario and get your response. What if I go ahead and "close my office down" at the end of the year BUT continue paying myself a $5,000 per month salary from the cash reserves remaining in the S-Corp for several months into 2014. If I do this, how many months would you suggest I receive a salary into 2014, so that the "suspicious" nature of my previous years practice of paying myself a salary during the last FOUR months of each year, would not be an issue. OR do you believe this idea has little chance of appreciably increasing the likelihood of being awarded UEC benefits and I should not bother with it???
Incidentally, I keep excellent "books" and can easily show in the Investment S-Corp that the only transactions performed on a monthly basis is the posting of two dozen mortgage payments which will take less than a hour of my time monthly. My mortgage brokerage books, will show good income the first half of 2013 BUT they will show VERY little gross income the second half of the year and monthly losses from July thru Dec. In other words I believe it should be obvious by just a review of my monthly P&Ls that the lack of gross income will demonstrate that my time is no longer invested in either of the businesses. What do you think my chances are of convincing them that I CAN and DO have the time to accept full time employment. I should add that it is my intention of finding a new position with another mortgage brokerage firm as a loan officer but this could take some time before I find the right "fit" but I will be looking for work.
If I were to be awarded benefits how many weeks are they for and is there a likelihood of receiving "extended" benefits and if so for how long?
Finally, by any chance are you located in Southern California. It would be nice to know if I ever needed you for more formal legal representation and advice in the future. Also please let me know what areas of law you are experienced in. Do you practice law in the areas of Real Estate, Mortgage Lending, Foreclosure, NMLS, CFPB, etc.?
Thank you again for all your help. The information and the understandable way you present it has been of immense benefit to me by removing all the questions and "what if" scenarios that have been floating around in my head - now I fully understand what I must do and what my expectation level should be. You truly have provided me a VERY valuable service. I suspect it will not be long until you are too busy in your practice to answer questions on line. "Just Answer" is lucky to have you now.
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