Do you have to pay into the unemployment fund if you own your own SCorp in NJ?

Question

I am the only employee of my corporation and know that I cannot collect unemployment benefits. Do I have to be paying into unemployment if I cannot collect it?

Answer 1

Yep.

If the state doesn't charge you, federal will.

This drives every 100% shareholder S-corp owner nuts.

Answer 2

You actually can collect and are required to pay.  The rules are more strict for you to collect though.  Otherwise someone would lay them self off whenever business went down.