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

Expert Solution

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

ekkarill92 answered 1 year ago

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