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State officials warning businesses of gov't paperwork scam


MADISON, WI (WTAQ) - State officials are warning businesses about a scam that involves government paperwork.

The Department of Financial Institutions says a firm called Corporate Records Service is getting businesses to pay them $125 to fill out a government form that’s not required.

State division administrator Paul Holzem says the document is called an “Annual Minutes Form” – and while it looks official, there’s no need to file such a thing. He said those who do file it pay unnecessary fees – and they run the risk of giving out their confidential information.

Corporate Records Service is not registered with the state’s financial agency. It offers to help businesses maintain minutes of their meetings with stockholders and board members.