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Thursday, March 28, 2024

Arizona attorney general warns consumers about 'annual minutes' scam

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PHOENIX (Legal Newsline) – Arizona Attorney General Mark Brnovich announced a warning for consumers, urging them to be cautious of mailings that claim to be official documents stating that the consumers owe money for an annual minutes or annual corporate minutes requirement for their business.

These mailers often include words like “notice” or “statement” and mandate that the consumers respond to what is essentially an arbitrary deadline. The form inside may ask for the names of the officers and director of the business and then ask for a payment of $125 to $150.

Consumers often think these are official documents from a government agency. The forms are especially misleading because the Arizona Corporation Commission requires corporations to file an annual report. However, these reports are filed electronically. The Commission never mails reminders that an annual report is due.

The major targets of these scams are often “mom and pop” businesses. These small businesses waste hard-earned money on a scam.

Brnovich asks consumers to carefully read and review any mailers that appear to contain government documents.

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