It’s Time for the Colorado Legislature to Amend its Corporations Law
Co-author, ColoradoBiz, December 7, 2020
Over the past several years, Colorado corporate dissolution law has enabled bad actors to easily establish sham companies and then use those entities for improper and illegal purposes, such as filing fraudulent trademark applications overseas, and selling counterfeit goods here and abroad.
These bogus entities often have the same or similar names to legitimate companies, causing brand confusion, dilution and tarnishment. Moreover, these fraudsters use addresses of homeowners that have no affiliation with the incorporated entity, causing innocent Coloradans to be overwhelmed with unwanted mail and packages.
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