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Scam Alert for Michigan Businesses!

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Joel C. Farrar & Kelly A LaGrave, ACP
Foster Swift Business & Corporate Law Report
August 5, 2013

Be aware of a new scam targeting Michigan businesses. A scammer calling itself "Corporate Records Service" is trying to collect a $125 fee to prepare corporate meeting minutes that it implies are mandatory under Michigan law. The Michigan Department of Licensing and Regulatory Affairs warns that the misleading solicitation implies that Michigan law requires that corporations and limited liability companies complete an Annual Minutes Form for which the scammer is charging a fee. The form is designed to look like an official state document. For additional information on this scam, read the press release on LARA's web site. 

Although Michigan law does require that shareholders and directors hold an annual meeting, Michigan law does not require corporations or LLCs to file annual meeting minutes with the State. The document that is being sent to business customers should be disregarded.

In addition, any Michigan corporation or LLC that receives a notice to have annual meeting minutes prepared and pay a fee to avoid dissolution of their entity, should do the following:

  1. Keep the notice, mailing envelope, and return envelope.
  2. Contact the US Postal Inspections Service to report mail fraud at: (877) 876-2455 or online. (We have identified that the following link is no longer active, and it has been removed)
  3. Contact the Michigan Office of the Attorney General at PO Box 30212, Lansing, MI 48909.

If you receive one of these notices or if you have questions about corporate or LLC compliance issues, please feel free to contact Joel C. Farrar or Kelly A. LaGrave, ACP, Paralegal.