Larger Firms Face Special Challenges

A smaller firm doing business with a few vendors in a few states can get a fairly good handle on the unclaimed property laws with which it must comply. However, for large companies, escheatment brings unique hazards. They make hundreds of thousands (or more) payments a year, and they must understand the nuances of all the state laws they must deal with Duplicate payments can be a simple or a complex situation. For example, if you make a duplicate payment to a vendor, then it's sent back back…