Unclaimed Property FAQ: What is Holder Reporting?
Wisconsin has some 150,000 businesses registered here. According to Chapter 177, Wisconsin Statutes, compliance with the Unclaimed Property Act is mandatory for businesses in posession of unclaimed property.
A Business or Holder typically will have payroll checks, expense and commission payments, refunds, worker compensation benefits,vendor payments, insurance and pension payments, dividends and other securities earnings which never make it to the hands of the rightful owners or heirs.
For more information on Holder Reporting Compliance, click here.