Question

dissolved business are often the target of thieves for all of the following reasons

Answer 1

Dissolved business are often the target of thieves

Basically business is run for development purpose but duuuue to the certain happening of certain event in form of crying , the firm take decision to sissolve which is not easy for the firm but for the benefit it needs to be dissolve .

These are various reason which identify the reason for dissolution of business due to target of thieves :

- massive migration of data online is one of the major reason which are identified durind recent years

- according to the report , more than $16 billions , was stollen from 15.4 million US consumer in the year 2016

- these figure represent a significant increase over previous year and figure is continously increasing

- criminals harvest the useful data such as EIN numbers that are available online or via simple information request and identify theives can collect data easily

- once the information is possesed , it is simple for these person to take steps to place a cooperation into good standing or reinstate has been administratively dissolved or revoked without the knowledge of owner

- once a criminal has reinstated a cooperation or LLC or placed it back into goods standing , the criminal may now appear to have the athority to act on behalf of the victimised company

- this means taht new loans or lines of credit may betaken out and have a chance to sign a new contract

- fraudlent tax returns are another key area of the concern

- as per the report of IRS , between januaury and june 1 , 2017 there were around 10,000 business return showing sign of identitify theft

- and also refund attached to these return were worth $137 million which show a significant figure

- it is to be observed that $1.7 billion stollen by the identified theives

- business identity theft also called cooperate identifytheft has grown increasingly as they seek to exploit security wholes aasociated with business practice and also for government data collection

- identify theft ,like many illegal act is a crime of oppurtunity

- identify theives score government sites and also serch for cooperation listed as delinquent or suspendended due to this owner or management are not paying attention