Bellows alerts all Maine businesses of new federal reporting requirement
AUGUSTA – Secretary of State Shenna Bellows is alerting Maine business owners and representatives of a new federal law with a new federal reporting requirement for businesses nationwide.
"While the Division of Corporations is a ministerial agency, we also try to help business owners and representatives in knowing about their legal obligations," said Secretary Bellows. "This is not a report that is filed with us, but we want businesses to know about this new federal reporting requirement as failure to comply may result in significant civil and criminal penalties."