Arizona & Oregon :: Corporate Scams

Many states have encountered schemes that target businesses through deceiving solicitations. These scams typically employ misleading language, fictitious deadlines and fear tactics all in an attempt to extract money from unwitting business owners. The latest states to issue warnings regarding such scams are Arizona and Oregon; both released alerts earlier this month.

In Arizona, a company called “Corporate Records Service” is using official-looking documents to con business owners into forking over $125 in exchange for the preparation of filings for corporations. The Arizona Corporation Commission issued a warning stating that the company sending these fraudulent solicitations is in no way affiliated with their agency, despite the fact that the documents include the Arizona Corporation Commission file number assigned to the business.

In Oregon, businesses are being targeted by a slightly different scheme that the state refers to as the “Notice of Annual Minutes Compliance” scam. Like other scams, this version also uses official-looking notices and misleading language to trick business owners into paying hundreds of dollars for an unnecessary and worthless service.

In an effort to educate Oregon business owners, the warning goes on to reiterate that while corporations are required to maintain records and hold annual meetings of shareholders, these records and minutes are not filed with the Secretary of State Corporation Division.

The nationwide prevalence of these types of scams tells us that business owners in every state should be mindful of any solicitations they receive—especially those asking for money in exchange for services. If you’re ever suspicious of any documentation that you receive, don’t hesitate to call the appropriate state office (if you know who it is) or our offices (800.533.7272), as we’re here to help!

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