Be Aware and Do Not Ignore these Notices…
In February 2020, Delaware Secretary of State sent via certified mail over 100 letters inviting companies (holders) to enroll in Delaware’s Voluntary Disclosure Agreement (VDA) program. These notice letters should be taken seriously as they are generally followed by an audit notice from the Department of Finance if your Company does not respond within the 60-day deadline.
UPCR strongly suggests conducting a high-level cursory assessment of your unclaimed property practices for all operating entities, and consider entering into the DE VDA program.
Contact us for a no-cost consultation at www.upcr-llc.com.