Corporate Controller Unit Letters to Colorado Businesses

Every Colorado business is required to file a periodic report annually with the Colorado Secretary of State’s Office. The process is quite easy and can be accomplished in a few minutes on the Colorado Secretary of State’s web site (here: http://bit.ly/eNJzcA ). The fee is $10. Quite reasonable.

This morning, a colleague showed me a letter that she had received from an entity named Corporate Controller Unit. The letter has been sent to many Colorado businesses and offer to “help” them with filing the periodic report. The letter warns recipients that failure to file a periodic report could lead to a finding that the business is noncompliant or delinquent, and appear to be issued from a government agency. The words noncompliant and delinquent appear in all caps. As reported by Jodi Brooks with Denver CBS channel 4 on Monday night, there is Colorado business owners are not required to file their periodic report through Corporate Controller Unit. Her report, including an interview with Colorado Secretary of State Scott Gessler, may be found here: http://bit.ly/hTq5rh.

As stated above, the Colorado Secretary of State assesses a $10 filing fee to file a periodic report. This fee is quite reasonable and has decreased over the years. In its letter to Colorado businesses, Corporate Controller Unit states that the annual fee is $225. While those who read the fine print at the bottom of the letter would likely become aware that Colorado Controller Unit is not a government agency, the letter does have an air of authority.

If you are a Colorado business who receives this letter, feel free to disregard it. However, do make sure that you file your periodic report with the Colorado Secretary of State. It is quite easy and the links provided in this post should answer any additional questions. Additionally if your business is listed as noncompliant or delinquent on the Colorado Secretary of State, the site provides clear guidance to help you cure your business’ status.