Delaware Unclaimed Property Audit Notices to Be Issued Within Days: Privately Held Companies a Focus
The Delaware Secretary of State announced in late August 2020 that his office was mailing nearly 200 letters to businesses identified as “holders” of unclaimed property. These Delaware-formed companies were deemed likely to be out of compliance in reporting dormant, abandoned or unclaimed property under Delaware law.The 200 holders –many of which are privately held companies– were afforded... Continue Reading