Unclaimed Property Navigating the Lost

State unclaimed property administrators are increasingly expanding the scope of the audit pool for compliance review and audit. Many companies, especially companies with no dedicated unclaimed property employees, often have difficulty navigating these complicated laws and struggle to establish lasting compliance processes. We can help. Our attorneys have considerable experience identifying unclaimed property exposures you may not know you hold such as reviewing credit balances on the books and determining whether property exists that requires reporting and to which state(s). We defend holders in unclaimed property audits, including large multistate audits of publicly traded companies conducted by contingency fee audit firms, as well as single-state audits of smaller holders with less annual revenue. We also represent holders in unclaimed property voluntary disclosures and self-audits. We counsel you through the complex structures that minimize unclaimed property issues, from crafting gift card terms and conditions to conducting business operations from favorable jurisdictions. Our experience also includes general ledger audits and audits of specific property types, such as securities audits. You will receive the proactive help necessary to mitigate liabilities and defend against aggressive third-party state auditors.