WEAU | Eau Claire, Wisconsin | News

State warns businesses to be wary of scam

MADISON, Wis. (AP) -- The state is warning Wisconsin businesses about a scam from a company calling itself Corporate Records Service.

The Department of Financial Institutions says there is no state requirement to fill out a so-called Annual Minutes Form and submit a fee of $125.

Paul Holzem, administrator of DFI's Division of Corporate and Consumer Services, says while the form looks official it is not required. Holzem says "business owners should not be hoodwinked into giving out potentially confidential information and paying an unnecessary fee."

The form says that Corporate Records Service is offering to assist businesses with maintaining minutes of meetings of shareholders and boards of directors, but does not include any specifics on how the company will provide that service.

Corporate Records Service is not registered with DFI.


Comments are posted from viewers like you and do not always reflect the views of this station.
powered by Disqus
WEAU 13 NEWS 1907 S. Hastings Way Eau Claire, WI 54701 By Phone: Main Number (715) 835-1313 and (715) 832-3474. Tip Line (715) 839-WEAU - (715) 839-9328 Sports Line (715) 852-1537
Gray Television, Inc. - Copyright © 2002-2014 - Designed by Gray Digital Media - Powered by Clickability 189163101