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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.

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We are financial consultants to a group of investors whom we have their consent to manage their funds which is in our custody for cooperation in joint venture business investments.

Our areas of interest include Property Development and real estate, Health Care, Education and training, Mining and exploration, Energy, oil and gas,Technology, Software development, Agriculture, Manufacturing, Finance Services and Leisure.However, all viable proposals within reason will be considered.

Funds shall be made available to you as a direct investment loan at 3% interest rate per annual for a period of 2 or 30 years depending on what you prefer. You may contact us if you have interesting investment proposal for possible business collaboration for our study.

We look forward to your reply to enable us provide you with details or you may visit our website.

Kindly acknowledge receipt of email.

Thank you.

Yours Sincerely
Jesse Peterson
phone: (980) 239-7539

Jun 13, 2017
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

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