Can I start a Sole Proprietorship while receiving Disability?

September 22nd, 2009 | by admin |
disability
Towknee asked:


I’d like to know if I would be able to create a sole proprietorship business if I am receiving Disability. I REALLY want a trusted source to actually confim the rules.

Essentially, I’d like to start a sole proprietorship, although not necessarily right this second, but I’d like to know the official guidelines and legal aspects before I start my planning phase.

I’d really appreciate any links you can provide.
I guess I should clarify a bit more. Is there any consequences if I register a sole proprietorship while receiving Disability, even if I don’t make any money with it?

Jay

Share and Enjoy: These icons link to social bookmarking sites where readers can share and discover new web pages.
  • Digg
  • Bumpzee
  • del.icio.us
  • Facebook
  • Furl
  • Mixx
  • NewsVine
  • Reddit
  • StumbleUpon
  • YahooMyWeb
  • Google

  • How does receiving Disability affect my Social Security benefits later in life?
  • I am receiving disability benefits, how much money am I allowed to have in the bank?
  • How does new york state short term disability start?
  • Where do I start with disability then PFL?
  • How do I go about filing for a disability settlement from the VA?
  • What are my rights when returning to work after disability?
  • Get a Jump Start on Battling Your Hypertension

    1. No Responses to “Can I start a Sole Proprietorship while receiving Disability?”

    2. By shiprepairwoman on Sep 23, 2009 | Reply

      It depends what kind of disability. SSI has strict income and asset rules. If you make any money or have assets over 2K and a home they cut your benefits. SSDI has much easier rules you can try to return to work without losing your benefits. Of course if you can earn much you aren’t disabled so will lose your disability. If your disability is something like a fire or police disability you might be able to work and collect since you can’t do your old trade.
      SSA.GOV has info on SSDI.

    Sorry, comments for this entry are closed at this time.