Schemes & Rip Offs: Letter Targets MN Companies - Valley News Live - KVLY/KXJB - Fargo/Grand Forks

Schemes & Rip Offs: Letter Targets MN Companies

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The Better Business Bureau of Minnesota and North Dakota (BBB) is issuing an alert on Minnesota Corporate Minutes Company, a firm which is sending official-looking mailings to Minnesota businesses, offering to prepare their Minutes of Directors and Shareholders for a fee of $125. Though the company makes reference to Minnesota statutes in these mailings, Minnesota Corporate Minutes Company is not a government agency, nor are they associated with any government agency. The BBB is alerting Minnesota businesses they are not required to provide any information to this company and should be aware that any information they do provide could be used for other purposes.

"These mailings are very troubling," said Dana Badgerow, president and CEO of the BBB of Minnesota and North Dakota. "They look official and give business owners what appears to be a deadline. However, this organization came to our attention just days ago. We also want to remind businesses they can easily prepare their own corporate minutes."

Thus far, the BBB has received reports of these mailings from a business in Eden Prairie and another in Moorhead. The BBB has also learned Minnesota Corporate Minutes Company is operating out of a UPS Store on Grand Avenue in St. Paul.

Business owners who are considering having another company prepare their corporate minutes should be sure to investigate their background thoroughly, including their Business Review at bbb.org, before signing a contract or providing sensitive information. Businesses can also contact the BBB at 1-800-646-6222 whenever a questionable offer is received.

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