It has been brought to our attention by local consumers, the Better Business Bureau in Denver and the Colorado State Attorney General’s Office that a company called Colorado Corporate Compliance (CCC) is using misleading scare tactics to lure companies into hiring its professional services.
Companies are reporting that they have received an official looking document titled “Annual Minutes Disclosure Statement.” The document, though unclear in its actual intent, offers to provide the writing of corporate documents, in particular meeting minutes, for $150. It cites a portion of a California State record reporting code, which addresses the requirement for a corporation to keep adequate records. However, CCC does not point out that the section of the code quoted apparently only applies to non-profit religious organizations.
The correct procedure for filing corporate documents in the state of Colorado can be found on The Secretary of State’s Web site at www.sos.state.co.us.
The document uses misleading tactics such as:
- It bears an official looking seal.
- A Corporation Disclosure Act clause is cited.
- Each document appears individually dated.
- The service offered is vaguely worded.
This company has an F rating with the BBB in Denver for a number of reasons which are all listed on the BBB’s Reliability Report for CCC. The full report can be found at www.denver.bbb.org.