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Beware: Corporate Periodic Reporting Scam

There is a new scam circulating via fax and email transmission which states that corporate shareholders and directors will face personal liability if a periodic report is not filed with the Colorado Secretary of State’s office on or before April 15, 2011.  The company claims that for $225.00 it will assist your company in filing the documents.  What it does not tell you is that the filing fee is only $10.00 in most cases and that you can file it yourself on the Colorado Secretary of State’s website.

Filing an annual report is only part of what every Colorado corporation or limited liability company should be doing to preserve the benefits of the business entity.  At Coaty and Woods, P.C., we keep you in compliance with all required filings, keep your corporate book up to date with minutes and stock/membership transaction records, and provide an annual letter summarizing new laws and cases that may affect the way you do business.  It’s all part of our corporate compliance program.  If you’ve delayed in reporting in the past and need to get back into good standing, we can help you with that too.  Please call our office for more information about our corporate compliance program or any other legal issue.