In re the Claim of Tyk

—Appeal from a decision of the Unemployment Insurance Appeal Board, filed January 5, 1994, which, inter alia, ruled that claimant was ineligible to receive unemployment insurance benefits because he was not totally unemployed.

Claimant was the president and a 50% shareholder of a wholesale clothing company. Claimant closed the company as *908the result of declining sales. The Board denied his claim for unemployment insurance benefits, finding that he was not totally unemployed because he participated in and stood to gain financially from the winding down of the business. We find that substantial…