The Colorado Secretary of State issued a warning to businesses about a misleading advertisement business are receiving in the mail. Several of my clients have received the official-looking notification from “Corporate Controllers Unit” requesting you to file your annual report for $225. If you receive one of these notices, please be aware they are NOT from the Colorado Secretary of State. Instead, it is a scam – it is a misleading sales flyer trying to have you sign up to use their business to file your Colorado annual business registration.
Businesses in Colorado are required to file annually with the Colorado Secretary of State. Typically your business will receive a post card from the Colorado Secretary of State reminding you to file. Once your business is set up, the annual filing fee is only $10. You can easily register your business online and it only takes a couple of minutes.
The letter does not appear to contain any false information. It was designed to be an advertisement, but is generating publicity for being misleading to Colorado business owners.
To see if your business is in compliance with your annual reporting requirements or to file your annual report visit the Colorado Secretary of State’s website.
As always, if you have any questions or concerns about your annual filings please feel free to contact your Colorado CPA.
Michelle is the owner of Trailhead Accounting Solutions CPA, LLC, an Erie, CO based CPA firm focused on providing small and mid-sized businesses with day-to-day accounting, bookkeeping, and business solutions. Michelle is a CFO turned consultant who loves working with small businesses and entrepreneurs. When she’s not crunching numbers, she can be found hiking, remote camping, gardening, quilting, and hanging out with her family.