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Ask An Expert; Business Series

Welcome to Ask an Expert Business Series with Misty Lambrecht, the owner of

Webfoot Marketing and Design, shareing valuable insights based on her extensive 15 years of experience in business startups and advising in Lincoln County. Throughout your years in business, you

have likely encountered numerous scams that target businesses on a daily basis.

Today, I want to shed light on a few recurring scams that

have been prevalent in our area, serving as a warning to fellow

business owners. By raising awareness and providing information, we

can better protect ourselves and our businesses from falling victim to

these deceptive practices. Stay tuned as we delve into these scams

and discuss ways to safeguard your business against them.

One scam that has gained notoriety is the poster scale scam. You may

receive a mail claiming that you must purchase certain posters for the

Bureau of Labor to be posted on a specific day. However, they

conveniently fail to mention that these posters can be downloaded for

free from the Bureau of Labor's website. This scam has been particularly

prevalent, especially with the recent increase in minimum wage.

Another popular scam to watch out for is domain slamming. This

scam involves an offending domain name registrar attempting to trick

domain owners into switching from their current registrar to theirs

under the false pretense of renewing their subscription. The Domain

Registry of America (DROA) is a common offender, often using

carefully crafted letters adorned with a large American flag,

conspicuous pricing, and an urgent expiration date. If you receive such

a letter, I recommend discarding it and verifying the renewal details

with your actual domain registrar to avoid unnecessary transfers and

potential domain loss.

Additionally, there is the business registry renewal scam which involves

solicitation from a company called Assumed Business Name Renewal

Service. Many Oregon businesses perceive this solicitation as

confusing, deceptive, or a scam. The letter warns of an impending

expiration of the assumed business name, citing Oregon law, and

offers to prepare and file necessary renewal documents with the

Secretary of State Corporation Division for an exorbitant fee. However,

the actual fee to renew the business registry is much lower. It is

advisable to disregard this letter and directly contact the Secretary of

State to renew your business registry for the appropriate fee of $100.

These are just a few examples of scams, and there are many others to

be aware of. Beware of Google listing scams that promise you a front-

page spot on Google, as they are not legitimate. Scams involving UPS

claiming they can't find your address are also prevalent, as well as

those charging exorbitant fees for obtaining EIN numbers which are

actually free.

Exercise extreme caution when it comes to bank scams, as some

have become increasingly sophisticated. There have been cases

where individuals received phone calls claiming their accounts had

been hacked, leading them to click on a link that resembled their

bank's website. However, a slight difference in the website address

indicated it was fraudulent. The person on the call then proceeded to

ask for personal information, including the PIN number. Remember,

your bank will never ask for your PIN number over the phone. If you

encounter this type of scam, hang up immediately and directly call

your bank to report the incident.

Remain vigilant and take proactive measures to protect your business

from these scams. Stay informed, educate your employees, and trust

your instincts when something seems suspicious. Together, we can

safeguard our businesses and maintain a secure environment for all.

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