Fraud Advisory — "Annual Minutes Disclosure Statement"

Fraud Advisory

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

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 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 nonprofit 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

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.