Oregon: Annual Minutes Solicitations

Misleading solicitations targeting businesses owners are nothing new. In fact, in the past few years, we’ve heard of similar scams in nearly every state across the country. We try our best to disseminate warnings to our readers as soon as we learn about these types of scams, in hopes that we can prevent business owners from falling prey.

Recently, the Oregon Secretary of State (OR SOS) warned consumers of one such scam. The story is much like what we’ve heard before. Business owners receive official-looking documents that employ scare tactics in an attempt to swindle unwitting individuals out of money for unneeded services. This time, the mailing come in the form of an invoice entitled, “Corporate Records Service – Annual Records Requirement Statement,” and asks for a $125 payment.

While businesses operating in the state are required to maintain records and hold annual meetings of shareholders, they are not required to file them with the OR SOS Corporation Division. The consumer warning stresses that these solicitations are in no way authorized or sanctioned by the state, and goes on to explain that official business correspondence from the OR SOS Corporation Division will always contain the following elements:

  • An image of the Oregon seal.
  • The words “Secretary of State Corporation Division.”
  • Our phone number: 503-986-2200.

As always, we urge our clients to read an solicitations carefully to determine whether they are legitimate or the work of unscrupulous individuals hoping to take advantage of business owners. If you’re unsure, give us a call at 800.533.7272, we can help you identify if the documents you have received are legitimate or not.

 

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