The Colorado Secretary of State recently issued a Notice of Possibly Deceptive Solicitation. The Notice warns Colorado businesses which are being targeted by solicitations titled “Annual Minutes Requirement Statement Directors and Shareholders.”
The solicitation offers to prepare documents to satisfy the annual minutes requirement for a $125.00 fee. Although corporations in Colorado are required to keep records of their annual meetings, they are not required to file these records with any third party. The solicitations are creating confusion among business owners who are required to file simple annual reports (not minutes) with the Colorado Secretary of State’s office.
If you would like more information regarding filing requirements for your business, please contact our Business Law Group partner, David A. Closson at [email protected].