Can you set up company and claim benefits

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Spidey

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friend of mine thinking well trying to set up small business. she has got support from supplier on credit will be selling products,.another friend.said he will buy from her. Potential is good but no real income until I say a few months. Will have to set up ltd company and reg for vat. So if.she works in this will she have to sign off benefit. She is thinking she will only make 1000gp to start off with per month and will not be able to pay herself as needs to build float, only on job seekers a month so no grants avail that she can see.
 
Spidey said:
friend of mine thinking well trying to set up small business. she has got support from supplier on credit will be selling products,.another friend.said he will buy from her. Potential is good but no real income until I say a few months. Will have to set up ltd company and reg for vat. So if.she works in this will she have to sign off benefit. She is thinking she will only make 1000gp to start off with per month and will not be able to pay herself as needs to build float, only on job seekers a month so no grants avail that she can see.
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If your friend is on jobseekers allowance she can apply for back to work enterprise allowance. She will have to formulate a business plan and submit this with her btwea application. She cannot start self employment until this is approved. More info on btwea http://www.welfare.ie/en/Search/Pages/SearchResult.aspx?k=back+to+work+enterprise+allowance
If she is in receipt of jobseekers benefit she can apply for short term enterprise allowance but this will only last for the duration of her jsb payment. http://www.welfare.ie/EN/Schemes/JobseekerSupports/BackToWork/Pages/STEA.as
 
Thankyou,.no she just lost her job and was thinking outside the box. It sems there is no help unless you export or are on dole for long time. Banks wont invest in small projects and definately with unemployed. Shame really for anybody wanting to work and unable to get paye.
 
Hi person based in Ireland, just after losing job no redudancy worth talking about as inly with company over 2 years, she is looking to do something herself, as.getting a paye job hard in this cliamate...

Catch 22 no funds, no float so unable to trade...
 
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