What's Worrying You: 'I'm A Small Business Owner'

MIDDLETOWN, N.Y. (CBS) ― The financial safety nets in place to help people in trouble often pose a catch-22. That's what's worrying struggling business owners. They're faced with the choice of surviving on little income or collecting unemployment, which would mean shutting down. Dave Woods of Lindenhurst wrote in to CBS 2: "I am a small business owner of a corporation providing marketing assistance to large companies. Work has slowed to nothing, but unlike my employees, I cannot collect unemployment because I am an officer of the corporation despite paying into the system with each paycheck for 20 years. I was told I would need to fold my company in order to apply which would effectively destroy the goodwill I have developed over the past 2 decades when my clients find a disconnected phone!" We decided to tell his story.... [read full story]