Case Study

Supply Chain Management Company with $1.1 Billion in revenues

Supply Chain Management Company with $1.1 Billion in revenues

Pages 1 Pages

A supply chain management company faced a significant unclaimed property assessment due to the state's extrapolation methodology, which failed to account for legislative changes from the client's prior state of incorporation. Clarus Partners used their expertise in unclaimed property laws and legislative history to challenge the state's overreach, providing proof of relevant statutory changes and identifying errors in the state's assessment. By doing so, Clarus significantly reduced the client’s financial burden, emphasizing the importance of in-depth knowledge of legislative impacts in unclaimed property compliance.

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