Colorado Secretary of State Announces Potentially Deceptive Solicitations

The Colorado Secretary of State’s office is notifying Colorado businesses of a possibly deceptive solicitation issued by “Corporate Controllers Unit.” The entity has mailed solicitations titled “Periodic Report” to businesses in Colorado. These solicitations offer to process periodic reports with the Secretary of State’s office on behalf of entities for a $225.00 fee. Though the majority of entities doing business in Colorado are required to file periodic reports with the Secretary of State’s office, the filing can be completed directly with the Secretary of State’s office and in most cases the fee is merely $10.00.

Although the solicitations contain disclaimers stating that “This product or service has not been approved or endorsed by any Government Agency and this offer is not being made by an agency of the Government,” the solicitation is creating confusion. Please be aware, the forms are not required by the Colorado Secretary of State’s Office.

For further information please go to http://www.sos.state.co.us/pubs/business/news/update20110404.html

If you have any questions regarding this matter, please contact Cynthia Mercado at Cynthia@perlmanandperlman.com or Tracy Boak at Tboak@perlmanandperlman.com.