My question involves unemployment benefits for the state of: California
In 2003 I started an LLC for investing in stocks, real estate, small businesses, etc. In the meantime, I have been continuously employed at a regular job, but have now been laid off due to division wide cuts. I have made money from the LLC before but as of December 2007 I stopped trading stocks or anything of that nature and instead the LLC invested in a small photo business run by a friend of mine (basically purchased ownership of his talent and business for the price of 50% ownership in LLC and capital), but I am primarily a silent partner and expect to receive no income from the LLC this year. I noticed on the UI application here in California that it asks if I am a major shareholder in a corporation and I was wondering if I will be ineligible for UI because I am a 50% shareholder even though I have not personally had any distributions or income from the LLC this year and do not expect any?