News Column

Colo. Businesses Warned of Potential Scam

Nov. 15, 2012

Jeff Tucker

The Colorado Secretary of State's Office is warning businesses to be alert for a potential scam that could charge them $125 for unnecessary work.

Secretary of State Scott Gessler has sent out a notice warning businesses against an outfit calling itself "Compliance Services."

According to the notice, the company mails businesses solicitations offering to prepare documents that would satisfy the state requirement that businesses keep annual minutes.

The company promises to prepare the documents for a $125 fee.

While most corporations are required to keep records of annual minutes, they aren't required to file them with the state or a third party, Gessler's office said.

The office said the mailers also are creating confusion.

The minutes of corporate annual meetings aren't required to be filed, but those documents are separate from the annual report filings that most businesses must do with the secretary of state. Those filings cost just $10 in most cases.

The Pueblo District Attorney's Office said Wednesday that it hadn't heard of any Pueblo businesses being targeted.

Source: (c)2012 The Pueblo Chieftain (Pueblo, Colo.) Distributed by MCT Information Services