thxforyourhelp
Junior Member
Hello!
My colleague has recently been laid off and she is a partial stakeholder (has <25% equity) in the company. Are there any restrictions in Massachusetts regarding maximum %-age ownership to make individuals qualified for unemployment benefits? Our business has been complying with unemployment insurance taxes and this individual lost her job through no fault of her own.
I tried to research MA policy and was unable to find anything, so any help would be much appreciated!
I did come across the following clause for Washington State's policy: "Officer cannot get unemployment benefits if they own at least 10 percent of the business or are related to another corporate officer who owns at least 10 percent of the business."
If any such clause exists in MA, or if you can offer any insight, please let me know- Many thanks!
My colleague has recently been laid off and she is a partial stakeholder (has <25% equity) in the company. Are there any restrictions in Massachusetts regarding maximum %-age ownership to make individuals qualified for unemployment benefits? Our business has been complying with unemployment insurance taxes and this individual lost her job through no fault of her own.
I tried to research MA policy and was unable to find anything, so any help would be much appreciated!
I did come across the following clause for Washington State's policy: "Officer cannot get unemployment benefits if they own at least 10 percent of the business or are related to another corporate officer who owns at least 10 percent of the business."
If any such clause exists in MA, or if you can offer any insight, please let me know- Many thanks!