Tagged: Secretary Of State

       Wyoming Secretary of State Max Maxfield is joining a nationwide effort to warn business owners about what is known as business identity theft. 

Maxfield says thieves have been able to take on the identity of a business by taking over businesses that are either recently dissolved or about to be dissolved.  He says thieves get the company reinstated and then change key information so that they have control of the business.

“Charging huge accounts to that business and basically causing financial ruins to the owners of the businesses.” 

Maxfield says business owners should regularly review their records on-line and report anything that is incorrect or suspicious.  He says people can get more information through the website www.BusinessIDTheft.org.

The Wyoming Senate is working on a pair of bills intended to give the Secretary of State more power and authority to deal with shell corporations. 

Those are companies without active business operations or significant assets and sometimes viewed as tax havens. 

Senator Cale Case says there are a number of loose ends the state is trying to tie up.

“You know we are really trying to tighten putting a name and face with respect to corporate registrations,” says Case. “To make sure when indeed we have to contact a corporation that there is somebody there that stands by the corporate, at least is a representative of the corporation for service of process or whatever we have to do.”