Businesses Beware!

When I opened the letter addressed to my small business, it looked like an official government mailing. It even cited a section of the Colorado Revised Statutes (a touch only a government documents librarian might appreciate). After closer inspection of this mailing from an entity calling itself the "Corporate Controllers Unit," I surmised they were trying to prey upon people who didn't have the time or skills to decipher a con.

I made plans to expose this bogus use of C.R.S. sections 7-90-301 and 7-90-501 as soon as possible. Other outraged businesses have beat me to it. Here is part of an April 4th News Alert sent out from the office of the Colorado Secretary of State:

The Colorado Secretary of State’s office is notifying Colorado businesses of a possibly deceptive solicitation issued by “Corporate Controllers Unit.” The entity has mailed solicitations titled “Periodic Report” to businesses in Colorado. These solicitations offer to process periodic reports with the Secretary of State’s office on behalf of entities for a $225.00 fee. Though the majority of entities doing business in Colorado are required to file periodic reports with the Secretary of State’s office, the filing can be completed directly with the Secretary of State’s office and in most cases the fee is merely $10.00.

Read the full News Alert.

Visit our Small Business page to learn more about local agencies that can help answer your questions about operating a small business in Colorado.

Submitted by Dixie, Business Reference Collection Specialist.

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