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DFI cautions business owners about record service

The Department of Financial Institutions is encouraging Wisconsin business owners to be discerning if they receive an offer from Michigan-based Corporate Records Service. In the mailing received by multiple Wisconsin businesses, the company offers to prepare and provide “corporate consent records” for a fee of $125. However, Wisconsin businesses are not required by DFI or any other state agency to complete the document, titled “2014 Annual Records Solicitation Form.”

DFI, which is the filing office for Wisconsin businesses, has received numerous inquiries over the past few days from business owners asking about the form.

“The form has an official look to it and includes company-specific information, such as corporation number and incorporation date, which is on file with DFI,” said George Petak, Administrator of DFI’s Division of Corporate and Consumer Services. “Business owners should be aware, however, that completion of this form is not required for any filing with DFI.”

The form includes the following statement: “Corporate Records Service is not a government agency or affiliated with any government agency nor does Corporate Records Service have a contract with any government agency to perform this service. This (form) does not fulfill the Wisconsin annual report filing requirement.”

Business owners can find instructions on the filing of annual reports and other corporate documents on the DFI website,

People who have questions about the Corporate Records Service form may contact DFI at 608-266-1622.