Business Excellence Awards
Please Join PBN to Celebrate the 2014 Business Excellence Award Winners on Novem ...
PROVIDENCE – Secretary of State A. Ralph Mollis last week warned Rhode Island LLCs to be wary of a direct-mail solicitation from an nonexistent entity calling itself “Rhode Island Corporate Compliance.” The latest notice comes just two months after the company mailed a similar letter to for-profit corporations.
The official-looking letter cites a state law that requires corporations to keep records of accounts, minutes and the names and addresses of all shareholders and directs recipients to submit an “Annual Disclosure Statement” along with a “Document Fee” of $125 by May 3.
According to Mollis, state law doesn’t require LLCs to keep those records, let alone requiring that they be filed with his office or any state agency.
More than 150 business owners have called the secretary of state’s office with questions about the notice. Many had already mailed a check to RICC.
Rhode Island currently has more than 27,000 LLCs. •