Potentially Deceptive Solicitation in Colorado

Colorado businesses are being notified by the Colorado Secretary of State of another possibly deceptive solicitation issued by “Compliance Services.”  Solicitations, which are titled “Annual Minutes Requirement Statement Directors and Shareholders” have been mailed to businesses in Colorado and are offering to prepare documents to satisfy the annual minutes requirement for a $125.00 fee.  Many businesses are required to keep records of annual minutes; however, there are no requirements to file such records of annual minutes under COLORADO REVISED STATUTES Section 7-90-501 with the Secretary of State’s Office, any other governmental entity or third party.

In addition, records of annual report filing with the Secretary of State’s Office are in fact a separate requirement from records of annual meetings.  Records of annual report filing, which for most businesses is just a $10 fee, may be filed with Colorado Secretary of State’s website at www.sos.state.co.us.

For additional information or clarification regarding this, please contact the Colorado Secretary of State office at 303-894-2200, then press 2, or email business@sos.state.co.us