The BizBuySell Small Business Community

  • Get Expert Advice

  •  • Find Local Service Professionals

  •  • Share Your Experiences

Am I entitled to Unemployment?

I currently have my business for sale in Illinois and a closing set for this June. The buyer is purchasing the assets and will be establishing a new company. I will be staying on for two months to assist in training. After the training period will I be entitled to unemployment from my original company ? I don't want to apply against the new company because it may increase the buyers unemployment rate.

No User Photo

Answer This Question

max 5000 characters

Web Reference (optional)

e.g., ""

Review Community Guidelines

Help keep our Community clean and on topic. The BizBuySell Community is a place where you can discuss your questions, concerns and knowledge with others you can trust. It is not OK to use this forum to solicit others for personal or financial gain, illegal activities, or to rant about personal issues. Please review the full guidelines if you have any questions.

Submit Your Answer
Answers (1)
Cory Hogan
P.C. Hogan & Associates
Helping the Small Business Buyer

I just consulted in an asset sale in which the seller's spouse filled, and was awarded, unemployment claims against buyer. Seller could not make claims due to non-compete and training agreements, but spouse was entitled as an employee of the company. Local government recognized dba transfer and made no distinguishing difference between old entity and new entity, even though both have separate EINs, etc. Buyer is now paying, and disputing, seller's spouse's unemployment claims.

I disagree with this practice on more levels than I can address here.

For additional business buying advice, I encourage you to download our free list of Top 10 Business Buying Mistakes, found at:

Good luck in your search!

P. Cory Hogan
p.c. hogan & associates
Helping the Business Buyer

Sep 1, 2009