Are you doing business in Oregon? If so, were you aware that all businesses operating in Oregon are required to report any unclaimed property they possess, provided they are unable to contact the owner of the property? A few of the types of property this affects include: checks which have not been cashed, credits to the client, bank accounts which are inactive, and deposits that are unapplied. In addition to those mentioned here, there are a multitude of other types of unclaimed property that are required to be reported.
The Oregon Department of State Lands is offering how-to
seminars to assist businesses with the specifics of how to comply with this
important program. Some of the topics to be discussed include: an unclaimed
property overview, how to complete and submit the required report, what types
of property are covered, how to maintain your database of potential unclaimed
items, and what is required when attempting to contact the owners. All of the
seminars are being offered for free, and each attendee will receive
course-related materials and handouts. More than 10 seminars will be held
between June and August.
For more information on seminar topics, dates and locations,
visit the Oregon Department of State’s webpage dedicated to these free seminars.