Can a person with SSI or SSDI collect social security but have over $2,000 asset in incorporation account? Note: Incorporation that cost $300 to be incorporated, for non-profit it is $1,500. Incorporation account is seperate from personal private properties that owner have. The Social Security number are used in incorporation and translated in EIN number.
According to the rules in Social Security Administration, a person can't hold over $2,000 in asset for collecting SSI or SSDI.
Can disabled business owner who collecting SSI be rejected from social security if he have any asset or over $2,000 in incorporation account NOT his personal bank account?
What about taking $10,000 @ fixed 3.5% business loan offered from non-profit organization for people with disabilties even without bad credit?
Please be very kind to this question. This is to create some awareness about business issues for disabled people creating themselve work.
Orignal From: Incorporation Account for Disabled Business Owner?
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