March 26, 2013
Corporate Compliance Company Scam
The Pennsylvania Department of State has been made aware of solicitations that are being mailed to Pennsylvania businesses from a company named Pennsylvania Corporate Compliance Company. These solicitations are titled “Annual Meeting Disclosure Statement” and urge business corporations and limited liability companies to file information and send payment in the amount of $125.00 by a certain date in order to maintain proper records.
These solicitations include a citation to the Pennsylvania Business Corporation Law regarding corporate records. At first glance, this solicitation may look official; however, none of the information being requested is required to be filed with the Department of State or the Secretary of the Commonwealth. Pennsylvania corporations and limited liability companies are not required to file corporate minutes with the Department of State or with a private company such as Pennsylvania Corporate Compliance Company. The Department is alerting all Pennsylvania business entities of this deceptive solicitation to prevent Pennsylvania businesses from completing the form and sending payment to a mailing center post office box address by the deadline on the form.
Despite the suggestive language on the mailing, the "Annual Meeting Disclosure Statement" is not required by law. These formal-looking letters did not originate from any governmental office, nor is the Pennsylvania Corporate Compliance Company affiliated or associated with Pennsylvania state government in any way. Similar scams have been reported in other states.
THIS "ANNUAL MEETING DISCLOSURE STATEMENT" DOCUMENT SHOULD BE DISREGARDED BY ALL COMPANIES WHICH RECEIVE IT.
If you believe you are the victim of a scam, contact National Penn Customer Service at 1.800.822.3321.