Why pay FUTA and state unemployment when you are the owner?
Reply : infotaxsquare.com
It is only required If you are pulling out payroll from business. If you have structured your business as a corporation and have profit then both taxes are required to pay along with your p.roll taxes but If you have structured your business as an LLC (Limited Liability company) then you are not required to pay Federal Unemployment Taxes (FUTA) an (U.I) Unemployment taxes.