In This Issue:
Beware of These Mass Mail Solicitations
Let's Meet Online
Get to Know Our Awesome Chapter Leaders
MBA Chapter Meetings in March
Tech Quiz of the Month
Beware of These Mass Mail Soliciations
There is a steep learning curve associated with starting a business, often overwhelming new entrepreneurs. A cumbersome yet very important aspect of running a business is learning to fulfill the administrative obligations required by the state government. For example, corporations need to hold mandatory annual shareholder meetings and keep a record of the minutes of these meetings. In addition, a Statement of Information needs to be submitted to the state government on an annual basis.
Unfortunately, some take advantage of overwhelmed new entrepreneurs by offering to check the shareholder meeting minutes for proper format and to submit them to the state government in exchange for an exorbitant amount of money! What many new and often under-informed startup business owners don't realize is this: the minutes for the annual share holder meetings need not be in a specific format, nor do they need to be submitted to the state government. Entrepreneurs can easily identify such fraudulent claims by taking note of the fine print disclaimer on the envelops and forms used to offer such services: “This is not a government document” or “this service has not been endorsed by any government agency”.
Other services, although not fraudulent, offer to file the Statement of Information on behalf of a corporation for a fee of $200-$300! However, submitting the statement of information can be accomplished in literally minutes right on the state government website, and it only costs $25.00.
Starting a business can be a costly venture, often requiring taking out a loan or digging into family savings. New entrepreneurs owe it to themselves and the success of their businesses to be vigilant about avoiding fraudulent solicitations or paying high fees for tasks that are well within their expertise.
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