03/07/2013
By: Neil L. Wojtal
Our firm has redesigned our website. Future postings on this blog will appear on the firm's website and not on this Blogspot site.
Please go to www.zslegal.com to view future postings. Once you are on the website, you can click on blog at the top of the page. Current blog postings also appear in a side bar on the right side of the website home page.
I will continue to post important information for small business owners on the website so make sure you check the website periodically.
Again, the website is www.zslegal.com. Take a look at our new and improved website.
Neil
Everyday Legal Tips
Legal tips for Wisconsin small businesses
Thursday, March 7, 2013
Monday, February 11, 2013
Alert from Wisconsin Department of Financial Institutions Part 3
By: Neil L. Wojtal
This article appeared in the Milwaukee Journal Sentinel on February 10, 2013. Note that the Attorney General is now involved.
The State of Wisconsin is seeking penalties
against the Mandatory Poster Agency Inc. and its owners, Thomas Fata and Steven
J. Fata, accusing
them of sending "corporate minutes"
forms to Wisconsin businesses and falsely implying that the form was required
by the state.
This article appeared in the Milwaukee Journal Sentinel on February 10, 2013. Note that the Attorney General is now involved.
Firm scamming Wisconsin
businesses, attorney general's office says
Feb. 10, 2013
Documents from attorneys general's offices
and court records suggest that the company, which does business in this state
under the name Corporate Records Service in Wisconsin, is a serial scammer. The
Mandatory Poster Agency has paid well over $100,000 in the past seven years to
settle allegations that it perpetrated other document scams under various other
names in at least 18 states.
In most of those cases, the state's
attorney general alleged that direct mail solicitations from the company's
aliases looked like government notices or created a false impression that
businesses had to pay for mandatory signs - such as signs reminding employees
to wash their hands - that were available from the government free.
The Michigan-based company has actively
been scamming businesses in Wisconsin out of $125 fees since at least Jan. 28,
the Wisconsin attorney general's office said in a news release Friday.
Corporate Records Service mails the
businesses a green envelope with two documents that look and feel like
government documents - a "2013 Annual Minutes Form" that contains the
business' corporation number and one page of instructions. The business is
asked to mail the form along with the fee to an address in Madison by a certain
deadline. Unknown to businesses, the address is for a UPS Store box and the
mail is forwarded to Lansing, Mich., where the Mandatory Poster Agency is
based.
Dana Brueck, a spokeswoman with the
Wisconsin attorney general's office, wouldn't say exactly how many Wisconsin
businesses fell for the scam, only that some paid.
George Althoff, a spokesman for the
Wisconsin Department of Financial Institutions, said his agency has received
about 250 inquiries about the form from state businesses since the agency sent
out a scam alert about it last week. At
the time, state officials and the Wisconsin Better Business Bureau told
businesses that despite the official look, the form was not required.
What may have tricked business owners is
that the form cites a
state statute out of context, which gave businesses the
impression that Wisconsin law requires them to file annual minutes.
"Rather, Wisconsin law provides that if
a corporation chooses to prepare minutes of its annual meeting, those minutes
must be retained permanently," the state's complaint against Mandatory
Poster Agency states.
The Department of Financial Institutions
doesn't require a corporation to file minutes of annual meetings. It does
require corporations to file an annual report with information about the
corporation and its activities and ownership, but the information on the form
wouldn't satisfy those requirements, according to the complaint.
Corporate Records Service offers to prepare
the business' minutes, but proper minutes would require someone to have
actually attended the meeting, and the company couldn't provide that based on
the information that businesses supply on the form, the complaint states.
In a news release Friday, the Wisconsin
attorney general's office called statements on the form and the envelope
"untrue, deceptive or misleading."
The state is seeking an injunction to stop
the mailings and civil fines of between $50 and $200 per violation plus
restitution to the victims.
The Mandatory Poster Agency has operated
under different names in different states, typically (state name) Mandatory
Poster Agency, (state name) Food Service Compliance Center, (state name) Labor
Law Poster Service, (state name) Labor Law Poster Company and (state name)
Healthcare Compliance Center.
Among the biggest enforcements against the
company: The
owners paid $50,000 to resolve claims of consumer fraud and false advertising brought by North Dakota's attorney general in 2008.
At the time, officials said there had been
at least 24 settlements between the Fatas and various state and federal law
enforcement agencies since 2001.
Other states where Mandatory Poster Agency
or its aliases have been in trouble for scams involving posters or signs
related to labor laws and health requirements, according to the attorneys
general documents and court records: Iowa, Illinois, Washington, Tennessee,
Michigan, North Carolina, West Virginia, Pennsylvania, Idaho, Montana, Utah,
Kentucky, Arkansas, Missouri, Florida and Vermont.
The company has also been criticized for selling
overpriced deeds at nearly $50 each in
Michigan when they were available for about $3 from county government.
Business owners who have questions about
the forms can contact the Wisconsin Department of Financial Institutions at
(608) 266-1622. Complaints can also be filed with the Better
Business Bureau.
The information
contained in this document is intended for the sole purpose of providing
general legal information and is not intended as legal advice of any kind. This
information may not apply to your specific issue, therefore, do not act upon
this information without consulting Zimmerman & Steber Legal Group, S. C.
or another qualified attorney.
Monday, February 4, 2013
Alert from Wisconsin Department of Financial Intitutions Part 2
By Neil L. Wojtal
Here is a copy of the letter and form which has been sent to Wisconsin businesses. Our firm received the form in the weekend mail. This form is not from the state of Wisconsin and you will receive nothing for your $125 other than information that is readily available on the DFI website. Do not fill out this form and return it. Save your money.
Here is a copy of the letter and form which has been sent to Wisconsin businesses. Our firm received the form in the weekend mail. This form is not from the state of Wisconsin and you will receive nothing for your $125 other than information that is readily available on the DFI website. Do not fill out this form and return it. Save your money.
The information
contained in this document is intended for the sole purpose of providing
general legal information and is not intended as legal advice of any kind. This
information may not apply to your specific issue, therefore, do not act upon
this information without consulting Zimmerman & Steber Legal Group, S. C.
or another qualified attorney.
Friday, February 1, 2013
Alert from Wisconsin Department of Financial Institutions
I received the following alert from the state of Wisconsin. Do not get caught in this scam. Call the DFI if you are contacted by this company.
Neil L. Wojtal
January 30, 2013
FOR IMMEDIATE RELEASE
Contact: George Althoff, Communications Director, 608-261-4504
State businesses cautioned about
company’s request for information
MADISON – The Department of Financial Institutions (DFI) is urging Wisconsin business
owners to exercise caution if they receive a request for information from a company called
Corporate Records Service. Business owners are asked to fill out an Annual Minutes Form and
submit a fee of $125 to a Madison mail box. Businesses are not required by DFI or any other state agency to complete the form.
“The form has a very official look to it,” said Paul Holzem, Administrator of DFI’s Division of
Corporate and Consumer Services. “It includes information about companies that is available on the DFI website, such as corporation number and incorporation date, that make it appear to be a legitimate request. Business owners should not be hoodwinked into giving out potentially confidential information and paying an unnecessary fee. ”
DFI has received numerous inquiries from business owners asking whether the form was a new requirement from DFI, which is the filing office for Wisconsin businesses.
The form states that Corporate Records Service is offering to assist businesses with maintaining minutes of meetings of shareholders and boards of directors, but does not include any specifics on how the company will supply that service. The form also includes the following statement:
“Corporate Records Service is not a government agency and does not have or contract with any government agency to provide this service. ”
“Any business that chooses to fill out the form and pay the fee should make sure they will be
getting some legitimate service in return,” Holzem said.
Corporate Records Service is not registered with DFI. State officials in Maine, Indiana and
Tennessee also have warned businesses in their states about the activities of Corporate Records Service.
Business owners who have questions about the form may contact DFI at 608-266-1622.
The information
contained in this document is intended for the sole purpose of providing
general legal information and is not intended as legal advice of any kind. This
information may not apply to your specific issue, therefore, do not act upon
this information without consulting Zimmerman & Steber Legal Group, S. C.
or another qualified attorney.
Monday, January 7, 2013
The American Taxpayer Relief Act of 2012
I received this newsletter from Shakespeare Wealth Management, Inc. I thought I would pass it along since it contains a good synopsis of the recent legislation passed by Congress to prevent the tax increases included in the fiscal cliff legislation.
Here is the link:
http://campaign.r20.constantcontact.com/render?llr=hsku6heab&v=001zsj4A0_3E1HbyYFUIxNEbWcIfDGW1qKOnCpztf7LLZMU4Hc1Rr_eDXyFczokaOqzReSadSYljKYvTU6XMb2WNW0WnQffYOh5evOIlXjxAWY%3D
Here is the link:
http://campaign.r20.constantcontact.com/render?llr=hsku6heab&v=001zsj4A0_3E1HbyYFUIxNEbWcIfDGW1qKOnCpztf7LLZMU4Hc1Rr_eDXyFczokaOqzReSadSYljKYvTU6XMb2WNW0WnQffYOh5evOIlXjxAWY%3D
The information
contained in this document is intended for the sole purpose of providing
general legal information and is not intended as legal advice of any kind. This
information may not apply to your specific issue, therefore, do not act upon
this information without consulting Zimmerman & Steber Legal Group, S. C.
or another qualified attorney.
Wednesday, November 28, 2012
The Hiring Process
I ran across this article on Linkedin. I thought I would pass it along. Our business clients should read the article and then think about their own hiring process. Does your hiring process cover the points raised in the article? If not, you may want to rethink your process.
http://www.linkedin.com/today/post/article/20121126061916-15454-thinking-backwards-will-help-you-improve-every-hiring-decision
Neil
http://www.linkedin.com/today/post/article/20121126061916-15454-thinking-backwards-will-help-you-improve-every-hiring-decision
Neil
Monday, September 10, 2012
Four Plans That Every Small Business Person Needs
By: Neil L. Wojtal
When a small
business owner thinks about his/her business and planning for its future, the
owner needs to consider planning not only for the business but for his/her
needs as the owner.
Every small
business owner should have four plans in place to cover all of these
contingencies.
1.
Business Plan – Every business should have a five year plan that
addresses the business’ needs for the next five years. This is often called a strategic
plan. It enables a business to plan for growth by looking at staffing needs,
capital equipment, vendor purchasing, space and location, competition and the
business’ response to changes in its particular industry. Many books have been
written about business plans and there are strategists available who can help
formulate such a plan. Note that all large businesses have such plans.
2.
Contingency Plan – Most small businesses rely on a key person to
run the business. This person is usually the owner. If this person is suddenly
unavailable through illness or injury, what will happen to the business? How
will the business continue to operate? In some instances family members are
involved in the business but other times there is no involvement. The small
business person must look at employee training and the company’s talent pool
and evaluate it. If necessary, strategic hires might be required to make sure
the company can continue to run without the owner. Another alternative for a
sole proprietor is an agreement with a friendly competitor who is also a sole
proprietor. If he/she is unable to work, you will service his/her clients until
he/she can get back to work and vice versa. The agreement would include a
section that covers the return of clients once the emergency was over.
3.
Exit Plan – Every small business should have a plan for the time
when the owner decides he/she wants to leave. This could be for health reasons,
personal lifestyle changes or simply to retire. The Exit Plan can include
passing the company on to children, selling the company or offering the current
employees a chance to take over the ownership of the company. There are many
alternative Exit Plan strategies that can be explored. However, thinking about
it and setting up a plan will take the uncertainty out of what happens to the
company when the owner decides to leave and having a plan will provide peace of
mind to the owner’s family.
4.
Estate Plan – This plan goes along with all the others. What
happens to the company when the owner dies? How do you protect the equity you
have built up in the company and pass it along to your to your family? This
plan will allow you to preserve your investment while the other plans are put
into action. You can appoint a personal representative that will help continue
the business. That person can hire additional help to keep the business going
until a decision is made concerning the future of the business. The plan can
include a valuation model for the purpose of selling the business if that is
necessary. In addition, if a son or daughter is involved in the business, a
buyout can be worked out ahead of time to allow for the business to pass to the
next generation. There are many alternatives that can and should be explored
before the owner decides upon an estate plan.
I suggest that all business owners explore the
above 4 plans and make some decisions to allow for the smooth transition of the
business in the event of an unplanned absence, for retirement and to plan for
your family upon your death.
This blog is designed
for general information purposes only and should not be construed to be formal
legal advice. You should consult an attorney for advice regarding your own
situation. Although great care has been taken to ensure the accuracy and utility
of the information contained in this blog, no warranty is made, express or
implied, and Zimmerman & Steber Legal Group, LLC assumes no liability in
connection with any use or result from use of the information contained herein.
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