Corporate Records Service Fraud Alert
John, Steen, the Secretary of State of Texas, has issued the following warning to Texas business. A company by the name of Corporate Records Service sent solicitations to Texas businesses suggesting that Texas entities are required to complete a statement and return it with a fee of $125. The solicitations were entitled “Annual Minutes Records Form.”
The document, which purportedly looked official and was addressed from Austin, implied that all Texas entities were required to file the statement with the Corporate Records Service and pay the fee. THAT IS UNTRUE.
Most Texas entities only need to be concerned with four Texas governmental entities, the Secretary of State, the Comptroller of Public Accounts, the Texas Workforce Commission, and the Texas Attorney General. If a company has special licenses or conducts business through some sort of regulated business, then it is possible it may correspond with certain regulatory agencies, but it will be aware of their names.
If an owner/officer ever has a question about whether an action is required after receiving a notice, he/she should immediately contact a Texas attorney or the Texas Attorney General. If you sent money to Corporate Records Service because of the notice, then you should file a complaint with the Texas Attorney General.
Robert Newton is an attorney based in Frisco, Texas, that practices business law, corporate law, real estate law, and estate planning. This post is meant for informational purposes only and does not constitute legal advice.