Should Small Business Owners Apply for Social Security Disability?
One of the more difficult types of applications for Social Security Disability comes from small business owners. Often times they call our office and have a fairly typical situation. Joe the small business man was doing well supporting himself and his family. He has had the business for sometimes 20 plus years. Then Joe is diagnosed with a disease, depression, bipolar, lupas, or neuropathy. All of a sudden Joe’s business declines. Joe does not close his business but instead just watches it shrink, a business that may have afforded Joe $100,000 per year in profits before his illness is now only earning $5,000 a year.
This can happen to a small business person because once they stop marketing for new business, or if they are unable to service existing clients, their business dries up. The hard part of these cases is that many small business owners keep the shop open and essentially work for free. In these cases it is important for the small business owner to speak with a Social Security attorney early on. The attorney will be able to evaluate your claim and craft an application and appeal to the Social Security Administration that conveys that your business declined due to illness, and therefore disability, not because of the economy.