About business categories
When creating a ReportMyUP+ account, you must select a business category. Choosing the right one for your business is important because it affects the properties' dormancy periods and due dates.
Tip:
If your business does not fit one of the provided categories, Corporation is a broad category that covers sole proprietorships, partnerships, mineral interest, and any other general business entity.
If your business is a life insurance company, mutual fund, or brokerage, Sovos may have a better unclaimed property solution for you. Contact us for more information.
- Corporation
- A legal business entity, incorporated or not, conducting general business.
- Financial institution
- A bank or credit union.
- Life insurance company
- An insurance company that issues life insurance policies.
- Mutual fund
- A company that issues mutual funds.
- Utility company
- A utility company, such as electrical or phone.
- Brokerage
- A broker dealer.
- Non-life insurance company
- An insurance company that does not issue life insurance policies.
- Retail company
- A company that deals with retail transactions.
- Court, city, government
- A court, city, state, municipality, or other type of public administration.