Annual Minutes Requirement Scam

Here’s a little tip for US business owners. If you get a document in the mail called: “Annual Minutes Requirement Statement Directors and Shareholders”, do not pay it, this is a scam. The Florida Department of State has now posted a warning about this on its front-page as well:

While this document might look very authentic, in the small print it states:

This product has not been approved or endorsed by any government agency and this offer is not being made by an agency of the government.

Needless to say, you should never send shareholder information to any non-government organization, and your actual annual meeting information should only be addressed to a government organization or posted at SunBiz.org.

The letter that I originally received had the following return address:

COMPLIANCE SERVICES
400 Capital Cir SE, Ste 18321
Tallahassee, FL 32301

Edit 1:
Thanks to all of the people who have posted a comment, here’s a list of all the street address instances used by this scammer so far, there were more instances reported below in the comment section without addresses. Also, if you happen to have more information or an address that’s not listed, please post it below, it will most certainly help many people.

  • California (1)
    P.O. Box 1265,
    Studio City, CA 91614-0265
  • California (2) as Corporate Compliance Center
    2740 Fulton Ave,
    Sacramento CA 95821-5183
  • Florida
    400 Capital Cir SE, Ste 18321,
    (Postal Mail Box 18321 as of 2011/02/17),
    Tallahassee, FL 32301
  • Georgia (1)
    931 Monroe Drive NE, STE A-102 #333,
    Atlanta, GA 30308-1795
  • Georgia (2)
    Annual Minutes Disclosure Services/Business Processing Division,
    5805 State Bridge Road,
    Duluth GA 30094,
    Phone 866-390-1176
  • Georgia (3)
    Annual Minutes Disclosure Services,
    5805 State Bridge Road Ste. G–380,
    Duluth, GA 30097
  • Massachusetts
    Compliance Services,
    71 Commercial St. #241,
    Boston, MA 02109
  • New York
    Annual Minutes Disclosure Services / Business Processing Division
    911 Central Avenue #134,
    Albany, NY 12206
  • North Carolina (1)
    324 S. Wilmington St.,
    Postal Mail Box 407,
    Raleigh, NC 27601
  • North Carolina (2)
    2820 Selwyn Ave,
    Postal Mail Box 847,
    Charlotte, NC 28209

Edit 2:
I can’t believe that after more than a year, I’m still receiving comments on this post from people that received the letter. If you got the letter and it has a different address than listed above is on the envelope, post a comment and let us know, since you might be saving someone $125!

Edit 3:
It’s been almost two years now, and sadly, this scam is still going strong. In fact, a new address in Sacramento California has popped up that I’ve added to the list above. Keep those comments going and help your fellow business owner save an unnecessary $125, especially if you have a new address to report.

Edit 4:
The scammers now have put up a very simple web page at http://www.corpsrvc.com/. If you didn’t have doubts about Compliance Services before, take a look at their site.

Edit 5
Good news for those of you in North Carolina. Earlier this month, a court settlement was reached between North Carolina State and Corporate Services Inc. This means that if you live in NC, you will no longer be receiving the scam in your mailbox. Sadly, Corporate Services, Inc. is still able to operate in any other state, so while this victory is minor, it’s still a victory.

An email arrived in my inbox today from a reader who want me to make you aware of Mr. Selwyn J. Monarch, a disbarred attorney from California who is also the owner of Corporate Services, Inc. If you do a quick Google search, you’ll see that this is one untrustworthy person with quite a bit of legal baggage!

Edit 6
Contrary to the previous update, readers are still reporting receiving the scam letter in North Carolina.