BBB Warns: Minutes Disclosure Statement a Scam

February 11, 2009
        Businesses throughout northern Colorado are confused by an official-looking document which asks for copies of meeting minutes and names of directors and all shareholders. It includes a $150 fee for disclosure and processing or $175 for documents received after the remit date.
        Businesses want to know if this document is for real. It is not. Rather, it’s a solicitation for goods and services “or both,” as stated at the bottom of the document, according to the Better Business Bureau serving northern Colorado. Corporations are not required by law to file corporate minutes with the Colorado Secretary of State’s office. 
        If you receive a notice that refers to “Annual Minutes Disclosure Statement” or “Disclosure Statement,” (see sample below)contact the Business Division of the Secretary of State’s office to let them know by e-mailing or call 1-303-894-2200 and select option 2.