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January 24, 2013 - Idaho Secretary of State Ben Ysursa is warning businesses to beware of a scam targeting Idaho corporations. A firm called Corporate Records Service is contacting Idaho businesses by mail in an attempt to collect a $125 fee to fill out a corporation’s “Annual Minutes Records Form.” The Idaho Business Corporation Act does not require corporations to file a “Minutes Records Form” or pay such a fee with the state or any private entity.
The false notice states that the fee must be paid, but there is no fee due to the state for that purpose. The annual report is the only yearly report that is required to be filed with the Secretary of State’s office, and there is no fee to file that report if it is filed on time.
Corporations should be on the alert for this third party mailing, it is NOT a required filing by the State. We recommend that corporations who receive this mailing contact your local office of the Better Business Bureau for more information.