New Scam Facing Michigan Corporations

March 11, 2013

In this issue:

New Scam Facing Michigan Corporations

You are most likely familiar with filing Annual Statements for corporations and limited liability companies in Michigan and other states in which you are qualified to conduct business. There is a new scam infiltrating Michigan and many other states.

Michigan Department of Licensing and Regulatory Affairs (LARA) Director Steve Arwood today warns Michigan corporations of a non-governmental entity called "Corporate Records Service" trying to collect a $125 fee to prepare corporate meeting minutes. The misleading compliance solicitation implies that Michigan requires corporations and limited liability companies to complete an "Annual Minutes Form" and is designed to look like an official document, but it is not.

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