Who is an entrepreneur in unemployment security?
In addition to conventional entrepreneurs, the Entrepreneur Fund is also for light entrepreneurs, farmers and part-owners of a company.
If you are in salaried employment and your entrepreneurial activities are part-time, you should, as a rule, arrange your unemployment insurance through a wage-earner’s fund.
You can join the Entrepreneur Fund if you are
- self-employed and insured under YEL or MYEL (excluding grantees under MYEL)
- part-owner of a company or an entrepreneur’s family member under TyEL and
- you own personally at least 15 %, or you and your family together own at least 30 % of a company where you are employed in a leadership position (chairperson, ordinary board members, managing director),or
- you or you and your family together own at least 50 % of the company where you are employed
Who is considered a family member?
In the context of unemployment security, family members include a spouse or cohabiting partner, children, and grandchildren as well as parents and grandparents living in the same household.
Indirect holding through another company can be added to your share of ownership if you or you and your family together own at least 50 % of the intermediate holding company.