You Just Acquired a Company and a Huge Unclaimed Property Liability. What Now?
Acquiring a new company is an immensely exciting time for the business doing so. It is a time of expansion and opportunity, allowing that business to serve more consumers over a greater distance. However, many businesses fail to realize when they acquire another company this is not the only type of growth they may exhibit. […]
Holders of Unclaimed Property Can Be Owners Too
When it comes to the world of unclaimed property, holders are any companies that report unclaimed property. In fact, the states they report unclaimed property to are the ones that refer to them by this term. However, many may not realize that holders can actually also be owners of unclaimed property. Owners are the individuals […]
Common Unclaimed Property Reporting Mistakes To Watch Out For
Reporting unclaimed property is an extremely intricate and oftentimes confusing process. This is especially true for holders of unclaimed property who do not specialize in the reporting process and attempt to complete it entirely on their own. Due to this process being so complex, it can be difficult for holders to even realize when and […]
Did you know Nevada recently made significant changes to its unclaimed property law?
Nevada was set to roll out significant changes to its unclaimed property law to affect how all unclaimed property was reported in 2023. However, as of June 30, 2023, that is no longer the case. Previously, Nevada had announced its new laws would affect all unclaimed property set to be reported in 2023. Nevada has […]
What are the Best Practices for Due Diligence?
“Due diligence” is a phrase commonly heard in work environments today. However, it is so often said that few people take the time to truly think about what it means to practice due diligence when performing their jobs.