C Corp officer / unemployment question I am an officer of a C corp in Rhode Island. There is only one other officer on the corporate charter. He has since signed over all of his shares in the business to me, leaving me as the sole shareholder of the corporation. He is leaving the company. My question is he is under the impression he can now apply for Unemployment benefits. On the Rhode Island unemployment claims application there is a question that specifically asks :
In your present or most recent employment, have you been self-employed? If yes, be prepared to answer questions about this position.
In your present or most recent employment, have you been a corporate officer? (President, Vice-President, CEO, CFO, etc.) If yes, be prepared to answer questions about this position.
I would just like to know if he will be allowed to collect or not so that if he files a claim and I receive the paperwork to approve or deny I make the correct choice..do not want to break any laws here.
A response is GREATLY appreciated.. |