A number of Massachusetts companies have been receiving official-looking letters recently offering to file corporate minutes with the government for a fee. These appear to be scams designed to trick business owners, according to the Secretary of State’s office.
Many businesses have received letters from something called “Compliance Services” offering to file corporate minutes statements with the state and asking for payment of a $125 “annual fee.” The trick? There is no requirement to file corporate minutes in Massachusetts. And the $125 fee is confusing because it’s the exact same amount as the fee for filing an annual report. Before you respond to any such letter, make sure you know what the actual reporting requirements are and whether you’re being taken advantage of.